Hikari Power Ltd Activity Q1 2014-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
NVO	Buy	NOVO NORDISK A/Ssponsored adr	$15,314	-0.3%	168,400	+77.4%	1.50%	+1.4%
WAT	Buy	WATERS CORPORATION	$12,976	+3.4%	47,320	+0.5%	1.27%	+5.1%
MMM	Sell	3M CO	$10,346	-58.8%	110,510	-55.9%	1.01%	-58.1%
USB	Sell	US BANCORP	$9,982	-0.5%	301,930	-0.6%	0.98%	+1.2%
AMGN	Sell	AMGEN INC	$8,329	+3.6%	30,990	-14.4%	0.81%	+5.3%
WFC	Sell	WELLS FARGO & CO	$7,369	-24.2%	180,340	-20.8%	0.72%	-23.0%
WAB	Sell	WABTEC CORPORATION	$7,282	-7.2%	68,523	-4.2%	0.71%	-5.6%
FTV	Sell	FORTIVE CORP	$4,932	-6.2%	66,500	-5.4%	0.48%	-4.6%
VNT	Sell	VONTIER CORP	$1,756	-9.1%	56,786	-5.3%	0.17%	-7.5%
GOOGL	Sell	ALPHABET INC CLASS Acl a	$1,542	+4.0%	11,780	-4.8%	0.15%	+6.3%
	Buy	BROOKFIELD CORPORATION	$469	+7.3%	15,000	+15.4%	0.05%	+9.5%
ANTM	New	ELEVANCE HEALTH INC	$222	–	510	–	0.02%	–
AKTX	Exit	AKARI THERAPEUTICS PLCsponsored adr	$0	–	-130,821	–	-0.00%	–

Q2 2023

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC CLASS Acl a	$405,445	–	783	–	38.98%	–
	New	LINDE PUBLIC LIMITED COMPANY	$59,860	–	157,080	–	5.76%	–
JNJ	New	JOHNSON & JOHNSON	$56,184	–	339,440	–	5.40%	–
DHR	New	DANAHER CORP	$44,441	–	185,170	–	4.27%	–
V	New	VISA INC CLASS Acl a	$36,496	–	153,680	–	3.51%	–
ROP	New	ROPER TECHNOLOGIES INC	$35,767	–	74,390	–	3.44%	–
XOM	New	EXXON MOBIL CORPORATION	$32,099	–	299,290	–	3.09%	–
NSRGY	New	NESTLE SAsponsored adr	$28,539	–	237,130	–	2.74%	–
MMM	New	3M CO	$25,094	–	250,710	–	2.41%	–
	New	SHELL PLCsponsored adr	$20,644	–	341,900	–	1.98%	–
MO	New	ALTRIA GROUP INC	$19,857	–	438,340	–	1.91%	–
MCO	New	MOODYS CORPORATION	$18,325	–	52,700	–	1.76%	–
PSX	New	PHILLIPS 66	$18,154	–	190,330	–	1.74%	–
GOOG	New	ALPHABET INC CLASS Ccl c	$16,936	–	140,000	–	1.63%	–
ISRG	New	INTUITIVE SURGICAL INC	$16,895	–	49,410	–	1.62%	–
BK	New	BANK OF NEW YORK MELLON CORP	$15,689	–	352,400	–	1.51%	–
NVO	New	NOVO NORDISK A/Ssponsored adr	$15,358	–	94,900	–	1.48%	–
NTR	New	NUTRIEN LTD	$12,974	–	219,710	–	1.25%	–
WAT	New	WATERS CORPORATION	$12,546	–	47,070	–	1.21%	–
USB	New	US BANCORP	$10,032	–	303,630	–	0.96%	–
WFC	New	WELLS FARGO & CO	$9,724	–	227,840	–	0.94%	–
RHHBY	New	ROCHE HOLDING AGsponsored adr	$9,008	–	235,820	–	0.87%	–
BHP	New	BHP GROUP LIMITEDsponsored adr	$8,795	–	147,400	–	0.85%	–
AMGN	New	AMGEN INC	$8,039	–	36,210	–	0.77%	–
WAB	New	WABTEC CORPORATION	$7,844	–	71,523	–	0.75%	–
VOO	New	VANGUARD S&P 500 ETFetf	$7,820	–	19,200	–	0.75%	–
ABBV	New	ABBVIE INC	$7,214	–	53,543	–	0.69%	–
MDT	New	MEDTRONIC INC	$6,965	–	79,060	–	0.67%	–
CI	New	THE CIGNA GROUP	$6,706	–	23,899	–	0.64%	–
BDX	New	BECTON DICKINSON & CO	$6,328	–	23,970	–	0.61%	–
FTV	New	FORTIVE CORP	$5,256	–	70,300	–	0.50%	–
BA	New	BOEING CO	$5,173	–	24,500	–	0.50%	–
NDAQ	New	NASDAQ INC	$5,010	–	100,500	–	0.48%	–
MA	New	MASTERCARD INCcl a	$3,933	–	10,000	–	0.38%	–
LMT	New	LOCKHEED MARTIN CORP	$3,379	–	7,340	–	0.32%	–
HON	New	HONEYWELL INTERNATIONAL INC	$3,362	–	16,200	–	0.32%	–
JKHY	New	JACK HENRY & ASSOCIATES INC	$3,191	–	19,070	–	0.31%	–
KO	New	COCA COLA CO	$2,915	–	48,400	–	0.28%	–
AME	New	AMETEK INC	$2,813	–	17,380	–	0.27%	–
MRK	New	MERCK & CO INC	$2,621	–	22,710	–	0.25%	–
BRKB	New	BERKSHIRE HATHAWAY INC CLASS Bcl b	$2,615	–	7,670	–	0.25%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS ETFetf	$2,392	–	58,810	–	0.23%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$2,384	–	37,280	–	0.23%	–
VHT	New	VANGUARD HEALTH CARE ETFetf	$2,140	–	8,740	–	0.21%	–
VNT	New	VONTIER CORP	$1,932	–	59,986	–	0.19%	–
GOOGL	New	ALPHABET INC CLASS Acl a	$1,482	–	12,380	–	0.14%	–
GILD	New	GILEAD SCIENCES INC	$1,436	–	18,630	–	0.14%	–
BAC	New	BANK OF AMERICA CORPORATION	$1,154	–	40,240	–	0.11%	–
PH	New	PARKER HANNIFIN CORPORATION	$1,108	–	2,840	–	0.11%	–
UNP	New	UNION PACIFIC CORP	$835	–	4,080	–	0.08%	–
AVXL	New	ANAVEX LIFE SCIENCES CORP	$696	–	85,585	–	0.07%	–
ECL	New	ECOLAB INC	$693	–	3,710	–	0.07%	–
MET	New	METLIFE INC	$598	–	10,580	–	0.06%	–
IEX	New	IDEX CORPORATION	$583	–	2,710	–	0.06%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$560	–	6,350	–	0.05%	–
BTI	New	BRITISH AMERICAN TOBACCO PLCsponsored adr	$559	–	16,850	–	0.05%	–
	New	BROOKFIELD CORPORATION	$437	–	13,000	–	0.04%	–
VEEV	New	VEEVA SYSTEMS INC-CLASS Acl a	$395	–	2,000	–	0.04%	–
VYM	New	VANGUARD HIGH DIVIDEND YIELD ETFetf	$258	–	2,430	–	0.02%	–
ALDX	New	ALDEYRA THERAPEUTICS INC	$168	–	20,020	–	0.02%	–
ALPN	New	ALPINE IMMUNE SCIENCES INC	$128	–	12,445	–	0.01%	–
CRVS	New	CORVUS PHARMACEUTICALS INC	$114	–	49,959	–	0.01%	–
OCUL	New	OCULAR THERAPEUTIX INC	$88	–	17,000	–	0.01%	–
AKTX	New	AKARI THERAPEUTICS PLCsponsored adr	$22	–	130,821	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
CRVS	Exit	CORVUS PHARMACEUTICALS INC	$0	–	-49,959	–	-0.01%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-17,000	–	-0.01%	–
AKTX	Exit	AKARI THERAPEUTICS PLCsponsored adr	$0	–	-130,821	–	-0.01%	–
ALPN	Exit	ALPINE IMMUNE SCIENCES INC	$0	–	-12,445	–	-0.01%	–
ALDX	Exit	ALDEYRA THERAPEUTICS INC	$0	–	-20,020	–	-0.01%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION SERVICES INC	$0	–	-2,820	–	-0.02%	–
VYM	Exit	VANGUARD HIGH DIVIDEND YIELD ETFetf	$0	–	-2,430	–	-0.03%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-7,800	–	-0.03%	–
ASHR	Exit	XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETFetf	$0	–	-11,700	–	-0.04%	–
VEEV	Exit	VEEVA SYSTEMS INC-CLASS Acl a	$0	–	-2,000	–	-0.04%	–
ECL	Exit	ECOLAB INC	$0	–	-3,710	–	-0.06%	–
IEX	Exit	IDEX CORPORATION	$0	–	-2,710	–	-0.06%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-6,350	–	-0.06%	–
MET	Exit	METLIFE INC	$0	–	-10,580	–	-0.07%	–
PH	Exit	PARKER HANNIFIN CORPORATION	$0	–	-2,840	–	-0.08%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-4,080	–	-0.09%	–
BTI	Exit	BRITISH AMERICAN TOBACCO PLCsponsored adr	$0	–	-23,650	–	-0.09%	–
AVXL	Exit	ANAVEX LIFE SCIENCES CORP	$0	–	-85,585	–	-0.10%	–
GOOGL	Exit	ALPHABET INC CLASS Acl a	$0	–	-9,330	–	-0.10%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-18,630	–	-0.13%	–
STOR	Exit	STORE CAPITAL CORPORATIONreit	$0	–	-36,700	–	-0.13%	–
VNT	Exit	VONTIER CORP	$0	–	-70,406	–	-0.13%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-42,440	–	-0.14%	–
VHT	Exit	VANGUARD HEALTH CARE ETFetf	$0	–	-8,740	–	-0.22%	–
MRK	Exit	MERCK & CO INC	$0	–	-22,710	–	-0.22%	–
AME	Exit	AMETEK INC	$0	–	-17,380	–	-0.22%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CLASS Bcl b	$0	–	-7,670	–	-0.23%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETS ETFetf	$0	–	-58,810	–	-0.24%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-37,280	–	-0.30%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,200	–	-0.30%	–
KO	Exit	COCA COLA CO	$0	–	-48,400	–	-0.30%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-7,340	–	-0.32%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-0.32%	–
BA	Exit	BOEING CO	$0	–	-24,500	–	-0.33%	–
JKHY	Exit	JACK HENRY & ASSOCIATES INC	$0	–	-18,570	–	-0.38%	–
FTV	Exit	FORTIVE CORP	$0	–	-72,000	–	-0.47%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-23,970	–	-0.60%	–
NDAQ	Exit	NASDAQ INC	$0	–	-100,500	–	-0.64%	–
WAB	Exit	WABTEC CORPORATION	$0	–	-71,523	–	-0.65%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-19,200	–	-0.70%	–
CI	Exit	CIGNA CORPORATION	$0	–	-22,899	–	-0.71%	–
MDT	Exit	MEDTRONIC INC	$0	–	-79,060	–	-0.71%	–
ABBV	Exit	ABBVIE INC	$0	–	-53,543	–	-0.80%	–
BHP	Exit	BHP GROUP LIMITEDsponsored adr	$0	–	-147,400	–	-0.82%	–
AMGN	Exit	AMGEN INC	$0	–	-36,210	–	-0.91%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-49,410	–	-1.04%	–
RHHBY	Exit	ROCHE HOLDING AGsponsored adr	$0	–	-230,220	–	-1.05%	–
NVO	Exit	NOVO NORDISK A/Ssponsored adr	$0	–	-116,900	–	-1.30%	–
WAT	Exit	WATERS CORPORATION	$0	–	-46,790	–	-1.41%	–
	Exit	MOODYS CORPORATION	$0	–	-52,700	–	-1.43%	–
GOOG	Exit	ALPHABET INC CLASS Ccl c	$0	–	-140,000	–	-1.51%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-359,440	–	-1.62%	–
PSX	Exit	PHILLIPS 66	$0	–	-190,330	–	-1.72%	–
USB	Exit	US BANCORP	$0	–	-393,330	–	-1.77%	–
	Exit	SHELL PLCsponsored adr	$0	–	-341,900	–	-1.90%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-445,310	–	-2.01%	–
NTR	Exit	NUTRIEN LTD	$0	–	-219,710	–	-2.05%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-530,320	–	-2.29%	–
NSRGY	Exit	NESTLE SAsponsored adr	$0	–	-237,130	–	-2.86%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-299,290	–	-2.92%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-74,390	–	-2.99%	–
V	Exit	VISA INC CLASS Acl a	$0	–	-153,680	–	-3.06%	–
MMM	Exit	3M CO	$0	–	-269,130	–	-3.33%	–
LIN	Exit	LINDE PUBLIC LIMITED COMPANY	$0	–	-157,080	–	-4.74%	–
DHR	Exit	DANAHER CORP	$0	–	-185,170	–	-5.35%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-339,440	–	-6.20%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CLASS Acl a	$0	–	-783	–	-35.61%	–

Q3 2022

			Value		Shares		↓ Weighting
LIN	Buy	LINDE PUBLIC LIMITED COMPANY	$42,347,000	-6.0%	157,080	+0.3%	4.74%	-1.8%
MMM	Buy	3M CO	$29,739,000	-14.2%	269,130	+0.5%	3.33%	-10.4%
V	Buy	VISA INC CLASS Acl a	$27,301,000	-9.5%	153,680	+0.2%	3.06%	-5.5%
MO	Sell	ALTRIA GROUP INC	$17,982,000	-3.8%	445,310	-0.5%	2.01%	+0.4%
GOOG	Buy	ALPHABET INC CLASS Ccl c	$13,461,000	-12.1%	140,000	+1900.0%	1.51%	-8.2%
	Buy	MOODYS CORPORATION	$12,812,000	-10.1%	52,700	+0.5%	1.43%	-6.2%
WAT	Buy	WATERS CORPORATION	$12,611,000	-18.2%	46,790	+0.4%	1.41%	-14.6%
NDAQ	Buy	NASDAQ INC	$5,696,000	+11.5%	100,500	+200.0%	0.64%	+16.2%
AME	Buy	AMETEK INC	$1,971,000	+5.7%	17,380	+2.5%	0.22%	+10.5%
MRK	Sell	MERCK & CO INC	$1,956,000	-11.0%	22,710	-5.8%	0.22%	-7.2%
VNT	Buy	VONTIER CORP	$1,176,000	-22.4%	70,406	+6.8%	0.13%	-18.5%
GOOGL	Buy	ALPHABET INC CLASS Acl a	$892,000	+18.0%	9,330	+2588.8%	0.10%	+23.5%

Q2 2022

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC CLASS Acl a	$320,208,000	–	783	–	34.31%	–
JNJ	New	JOHNSON & JOHNSON	$60,254,000	–	339,440	–	6.46%	–
DHR	New	DANAHER CORP	$46,944,000	–	185,170	–	5.03%	–
LIN	New	LINDE PUBLIC LIMITED COMPANY	$45,050,000	–	156,680	–	4.83%	–
MMM	New	3M CO	$34,651,000	–	267,760	–	3.71%	–
V	New	VISA INC CLASS Acl a	$30,183,000	–	153,300	–	3.23%	–
ROP	New	ROPER TECHNOLOGIES INC	$29,358,000	–	74,390	–	3.15%	–
NSRGY	New	NESTLE SAsponsored adr	$27,600,000	–	237,130	–	2.96%	–
XOM	New	EXXON MOBIL CORPORATION	$25,631,000	–	299,290	–	2.75%	–
BK	New	BANK OF NEW YORK MELLON CORP	$22,120,000	–	530,320	–	2.37%	–
MO	New	ALTRIA GROUP INC	$18,701,000	–	447,710	–	2.00%	–
USB	New	US BANCORP	$18,101,000	–	393,330	–	1.94%	–
	New	SHELL PLCsponsored adr	$17,878,000	–	341,900	–	1.92%	–
NTR	New	NUTRIEN LTD	$17,509,000	–	219,710	–	1.88%	–
PSX	New	PHILLIPS 66	$15,605,000	–	190,330	–	1.67%	–
WAT	New	WATERS CORPORATION	$15,420,000	–	46,590	–	1.65%	–
GOOG	New	ALPHABET INC CLASS Ccl c	$15,312,000	–	7,000	–	1.64%	–
	New	MOODYS CORPORATION	$14,257,000	–	52,420	–	1.53%	–
WFC	New	WELLS FARGO & CO	$14,079,000	–	359,440	–	1.51%	–
NVO	New	NOVO NORDISK A/Ssponsored adr	$13,026,000	–	116,900	–	1.40%	–
ISRG	New	INTUITIVE SURGICAL INC	$9,917,000	–	49,410	–	1.06%	–
RHHBY	New	ROCHE HOLDING AG	$9,602,000	–	230,220	–	1.03%	–
AMGN	New	AMGEN INC	$8,810,000	–	36,210	–	0.94%	–
BHP	New	BHP GROUP LIMITEDsponsored adr	$8,281,000	–	147,400	–	0.89%	–
ABBV	New	ABBVIE INC	$8,201,000	–	53,543	–	0.88%	–
MDT	New	MEDTRONIC INC	$7,096,000	–	79,060	–	0.76%	–
VOO	New	VANGUARD S&P 500 ETFetf	$6,660,000	–	19,200	–	0.71%	–
CI	New	CIGNA CORPORATION	$6,034,000	–	22,899	–	0.65%	–
BDX	New	BECTON DICKINSON & CO	$5,909,000	–	23,970	–	0.63%	–
WAB	New	WABTEC CORPORATION	$5,871,000	–	71,523	–	0.63%	–
NDAQ	New	NASDAQ INC	$5,110,000	–	33,500	–	0.55%	–
FTV	New	FORTIVE CORP	$3,915,000	–	72,000	–	0.42%	–
BA	New	BOEING COsponsored adr	$3,350,000	–	24,500	–	0.36%	–
JKHY	New	JACK HENRY & ASSOCIATES INC	$3,343,000	–	18,570	–	0.36%	–
MA	New	MASTERCARD INCcl a	$3,155,000	–	10,000	–	0.34%	–
LMT	New	LOCKHEED MARTIN CORP	$3,156,000	–	7,340	–	0.34%	–
KO	New	COCA COLA CO	$3,045,000	–	48,400	–	0.33%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$2,871,000	–	37,280	–	0.31%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,816,000	–	16,200	–	0.30%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS ETF	$2,449,000	–	58,810	–	0.26%	–
MRK	New	MERCK & CO INC	$2,198,000	–	24,110	–	0.24%	–
BRKB	New	BERKSHIRE HATHAWAY INC CLASS Bcl b	$2,094,000	–	7,670	–	0.22%	–
VHT	New	VANGUARD HEALTH CARE ETFetf	$2,058,000	–	8,740	–	0.22%	–
AME	New	AMETEK INC	$1,864,000	–	16,960	–	0.20%	–
VNT	New	VONTIER CORP	$1,515,000	–	65,906	–	0.16%	–
BAC	New	BANK OF AMERICA CORPORATION	$1,321,000	–	42,440	–	0.14%	–
GILD	New	GILEAD SCIENCES INC	$1,152,000	–	18,630	–	0.12%	–
BTI	New	BRITISH AMERICAN TOBACCO PLCsponsored adr	$1,015,000	–	23,650	–	0.11%	–
STOR	New	STORE CAPITAL CORPORATIONsponsored adr	$957,000	–	36,700	–	0.10%	–
UNP	New	UNION PACIFIC CORP	$870,000	–	4,080	–	0.09%	–
AVXL	New	ANAVEX LIFE SCIENCES CORP	$857,000	–	85,585	–	0.09%	–
GOOGL	New	ALPHABET INC CLASS Asponsored adr	$756,000	–	347	–	0.08%	–
PH	New	PARKER HANNIFIN CORPORATION	$699,000	–	2,840	–	0.08%	–
MET	New	METLIFE INC	$664,000	–	10,580	–	0.07%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$608,000	–	6,350	–	0.06%	–
ECL	New	ECOLAB INC	$570,000	–	3,710	–	0.06%	–
IEX	New	IDEX CORPORATION	$492,000	–	2,710	–	0.05%	–
ASHR	New	XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETFetf	$400,000	–	11,700	–	0.04%	–
VEEV	New	VEEVA SYSTEMS INC-CLASS Acl a	$396,000	–	2,000	–	0.04%	–
VZ	New	VERIZON COMMUNICATIONS INC	$396,000	–	7,800	–	0.04%	–
FIS	New	FIDELITY NATIONAL INFORMATION SERVICES INC	$259,000	–	2,820	–	0.03%	–
VYM	New	VANGUARD HIGH DIVIDEND YIELD ETFetf	$247,000	–	2,430	–	0.03%	–
AKTX	New	AKARI THERAPEUTICS PLCsponsored adr	$131,000	–	130,821	–	0.01%	–
ALPN	New	ALPINE IMMUNE SCIENCES INC	$106,000	–	12,445	–	0.01%	–
ALDX	New	ALDEYRA THERAPEUTICS INC	$80,000	–	20,020	–	0.01%	–
OCUL	New	OCULAR THERAPEUTIX INC	$68,000	–	17,000	–	0.01%	–
CRVS	New	CORVUS PHARMACEUTICALS INC	$49,000	–	49,959	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
ADMA	Exit	ADMA BIOLOGICS INC	$0	–	-30,075	–	-0.00%	–
AMRN	Exit	AMARIN CORP PLC-ADR	$0	–	-15,000	–	-0.01%	–
BDSI	Exit	BIODELIVERY SCIENCES INTERNATIONAL INC	$0	–	-25,000	–	-0.01%	–
CRVS	Exit	CORVUS PHARMACEUTICALS INC	$0	–	-19,959	–	-0.01%	–
ALPN	Exit	ALPINE IMMUNE SCIENCES INC	$0	–	-10,445	–	-0.01%	–
AKTX	Exit	AKARI THERAPEUTICS PLCsponsored adr	$0	–	-89,815	–	-0.02%	–
ALDX	Exit	ALDEYRA THERAPEUTICS INC	$0	–	-20,020	–	-0.02%	–
ECL	Exit	ECOLAB INC	$0	–	-2,100	–	-0.04%	–
ASHR	Exit	XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETFetf	$0	–	-11,700	–	-0.04%	–
GOOGL	Exit	ALPHABET INC CLASS Acl a	$0	–	-181	–	-0.05%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-9,400	–	-0.05%	–
VEEV	Exit	VEEVA SYSTEMS INC-CLASS Acl a	$0	–	-2,000	–	-0.06%	–
PH	Exit	PARKER HANNIFIN CORPORATION	$0	–	-2,250	–	-0.06%	–
MET	Exit	METLIFE INC	$0	–	-10,580	–	-0.07%	–
PRU	Exit	PRUDENTIAL FINANCIAL INC	$0	–	-6,350	–	-0.07%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-4,080	–	-0.08%	–
BTI	Exit	BRITISH AMERICAN TOBACCO PLCsponsored adr	$0	–	-23,650	–	-0.08%	–
KHC	Exit	THE KRAFT HEINZ COMPANY	$0	–	-25,850	–	-0.10%	–
VHT	Exit	VANGUARD HEALTH CARE ETFetf	$0	–	-4,420	–	-0.11%	–
STOR	Exit	STORE CAPITAL CORPORATIONreit	$0	–	-36,700	–	-0.12%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-18,630	–	-0.13%	–
MRK	Exit	MERCK & CO INC	$0	–	-19,160	–	-0.14%	–
AVXL	Exit	ANAVEX LIFE SCIENCES CORP	$0	–	-85,585	–	-0.15%	–
BMY	Exit	BRISTOL-MYERS SQUIBB COMPANY	$0	–	-26,450	–	-0.16%	–
AME	Exit	AMETEK INC	$0	–	-13,270	–	-0.16%	–
VNT	Exit	VONTIER CORP	$0	–	-56,086	–	-0.19%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-35,500	–	-0.19%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-46,740	–	-0.20%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CLASS Bcl b	$0	–	-7,390	–	-0.20%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-6,190	–	-0.21%	–
JKHY	Exit	JACK HENRY & ASSOCIATES INC	$0	–	-14,800	–	-0.24%	–
KO	Exit	COCA COLA CO	$0	–	-48,400	–	-0.26%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETS ETF	$0	–	-58,810	–	-0.30%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,200	–	-0.34%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-0.35%	–
CI	Exit	CIGNA CORPORATION	$0	–	-22,899	–	-0.46%	–
FTV	Exit	FORTIVE CORP	$0	–	-69,500	–	-0.49%	–
ABBV	Exit	ABBVIE INC	$0	–	-48,963	–	-0.53%	–
BA	Exit	BOEING CO	$0	–	-24,500	–	-0.54%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-23,970	–	-0.59%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NV	$0	–	-108,860	–	-0.62%	–
WAB	Exit	WABTEC CORPORATION	$0	–	-71,523	–	-0.62%	–
NDAQ	Exit	NASDAQ INC	$0	–	-33,500	–	-0.65%	–
AMGN	Exit	AMGEN INC	$0	–	-33,420	–	-0.71%	–
BBL	Exit	BHP BILLITON PLCsponsored adr	$0	–	-147,400	–	-0.75%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-19,200	–	-0.76%	–
MDT	Exit	MEDTRONIC INC	$0	–	-79,060	–	-0.99%	–
RHHBY	Exit	ROCHE HOLDING AG	$0	–	-230,220	–	-1.05%	–
NVO	Exit	NOVO NORDISK A/Ssponsored adr	$0	–	-116,900	–	-1.13%	–
PSX	Exit	PHILLIPS 66	$0	–	-183,920	–	-1.29%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC CLASS B	$0	–	-337,950	–	-1.50%	–
NTR	Exit	NUTRIEN LTD	$0	–	-243,910	–	-1.59%	–
WAT	Exit	WATERS CORPORATION	$0	–	-46,590	–	-1.67%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-17,370	–	-1.73%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-295,940	–	-1.75%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-402,320	–	-1.84%	–
	Exit	MOODYS CORPORATION	$0	–	-51,950	–	-1.85%	–
GOOG	Exit	ALPHABET INC CLASS Ccl c	$0	–	-7,000	–	-1.87%	–
USB	Exit	US BANCORP	$0	–	-393,330	–	-2.35%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-523,640	–	-2.44%	–
NSRGY	Exit	NESTLE SAsponsored adr	$0	–	-237,130	–	-2.86%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-73,640	–	-3.30%	–
V	Exit	VISA INC CLASS Acl a	$0	–	-153,300	–	-3.43%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-674,420	–	-3.51%	–
LIN	Exit	LINDE PUBLIC LIMITED COMPANY	$0	–	-156,680	–	-4.61%	–
MMM	Exit	3M CO	$0	–	-265,460	–	-4.67%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-339,440	–	-5.50%	–
DHR	Exit	DANAHER CORP	$0	–	-190,290	–	-5.81%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CLASS Acl a	$0	–	-783	–	-32.32%	–

Q3 2021

			Value		Shares		↓ Weighting
DHR	Buy	DANAHER CORP	$57,932,000	+14.0%	190,290	+0.5%	5.81%	+15.9%
BK	Sell	BANK OF NEW YORK MELLON CORP	$34,962,000	+0.9%	674,420	-0.2%	3.51%	+2.6%
ROP	Buy	ROPER TECHNOLOGIES INC	$32,853,000	-3.9%	73,640	+1.3%	3.30%	-2.3%
WFC	Sell	WELLS FARGO & CO	$24,302,000	-29.8%	523,640	-31.5%	2.44%	-28.6%
MO	Buy	ALTRIA GROUP INC	$18,314,000	+0.1%	402,320	+4.9%	1.84%	+1.8%
XOM	Buy	EXXON MOBIL CORPORATION	$17,407,000	+2.1%	295,940	+9.5%	1.75%	+3.7%
RDSB	Buy	ROYAL DUTCH SHELL PLC CLASS B	$14,961,000	+27.5%	337,950	+11.8%	1.50%	+29.6%
PSX	Buy	PHILLIPS 66	$12,880,000	-15.4%	183,920	+3.7%	1.29%	-14.0%
AMGN	Buy	AMGEN INC	$7,107,000	-10.6%	33,420	+2.5%	0.71%	-9.2%
ABBV	Buy	ABBVIE INC	$5,282,000	+8.8%	48,963	+13.6%	0.53%	+10.6%
FTV	Buy	FORTIVE CORP	$4,905,000	+3.1%	69,500	+1.9%	0.49%	+4.9%
JKHY	Buy	JACK HENRY & ASSOCIATES INC	$2,428,000	+3.9%	14,800	+3.6%	0.24%	+5.6%
VNT	Buy	VONTIER CORP	$1,884,000	+20.4%	56,086	+16.8%	0.19%	+22.7%
AME	Buy	AMETEK INC	$1,646,000	+3.3%	13,270	+11.1%	0.16%	+5.1%
BMY	Buy	BRISTOL-MYERS SQUIBB COMPANY	$1,565,000	+23.0%	26,450	+38.9%	0.16%	+24.6%
MRK	Buy	MERCK & CO INC	$1,439,000	+22.9%	19,160	+27.2%	0.14%	+24.1%
VHT	Buy	VANGUARD HEALTH CARE ETFetf	$1,092,000	+92.3%	4,420	+92.2%	0.11%	+96.4%
BABA	Exit	ALIBABA GROUP HOLDING LIMITEDsponsored adr	$0	–	-1,090	–	-0.02%	–
NVCR	Exit	NOVOCURE LIMITED	$0	–	-1,700	–	-0.04%	–

Q2 2021

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC CLASS Acl a	$327,765,000	–	783	–	32.34%	–
JNJ	New	JOHNSON & JOHNSON	$55,919,000	–	339,440	–	5.52%	–
MMM	New	3M CO	$52,728,000	–	265,460	–	5.20%	–
DHR	New	DANAHER CORP	$50,814,000	–	189,350	–	5.02%	–
LIN	New	LINDE PUBLIC LIMITED COMPANY	$45,296,000	–	156,680	–	4.47%	–
V	New	VISA INC CLASS Acl a	$35,845,000	–	153,300	–	3.54%	–
BK	New	BANK OF NEW YORK MELLON CORP	$34,635,000	–	676,070	–	3.42%	–
WFC	New	WELLS FARGO & CO	$34,603,000	–	764,040	–	3.42%	–
ROP	New	ROPER TECHNOLOGIES INC	$34,188,000	–	72,710	–	3.37%	–
NSRGY	New	NESTLE SAsponsored adr	$29,580,000	–	237,130	–	2.92%	–
USB	New	US BANCORP	$22,408,000	–	393,330	–	2.21%	–
	New	MOODYS CORPORATION	$18,825,000	–	51,950	–	1.86%	–
MO	New	ALTRIA GROUP INC	$18,287,000	–	383,540	–	1.80%	–
GOOG	New	ALPHABET INC CLASS Ccl c	$17,544,000	–	7,000	–	1.73%	–
XOM	New	EXXON MOBIL CORPORATION	$17,054,000	–	270,350	–	1.68%	–
WAT	New	WATERS CORPORATION	$16,102,000	–	46,590	–	1.59%	–
ISRG	New	INTUITIVE SURGICAL INC	$15,974,000	–	17,370	–	1.58%	–
PSX	New	PHILLIPS 66	$15,218,000	–	177,330	–	1.50%	–
NTR	New	NUTRIEN LTD	$14,783,000	–	243,910	–	1.46%	–
RDSB	New	ROYAL DUTCH SHELL PLC CLASS B	$11,738,000	–	302,280	–	1.16%	–
RHHBY	New	ROCHE HOLDING AG	$10,818,000	–	230,220	–	1.07%	–
MDT	New	MEDTRONIC INC	$9,814,000	–	79,060	–	0.97%	–
NVO	New	NOVO NORDISK A/Ssponsored adr	$9,793,000	–	116,900	–	0.97%	–
BBL	New	BHP BILLITON PLCsponsored adr	$8,798,000	–	147,400	–	0.87%	–
AMGN	New	AMGEN INC	$7,951,000	–	32,620	–	0.78%	–
BUD	New	ANHEUSER-BUSCH INBEV NV	$7,839,000	–	108,860	–	0.77%	–
VOO	New	VANGUARD S&P 500 ETFetf	$7,556,000	–	19,200	–	0.75%	–
NDAQ	New	NASDAQ INC	$5,889,000	–	33,500	–	0.58%	–
WAB	New	WABTEC CORPORATION	$5,886,000	–	71,523	–	0.58%	–
BA	New	BOEING CO	$5,869,000	–	24,500	–	0.58%	–
BDX	New	BECTON DICKINSON & CO	$5,829,000	–	23,970	–	0.58%	–
CI	New	CIGNA CORPORATION	$5,429,000	–	22,899	–	0.54%	–
ABBV	New	ABBVIE INC	$4,856,000	–	43,113	–	0.48%	–
FTV	New	FORTIVE CORP	$4,757,000	–	68,210	–	0.47%	–
MA	New	MASTERCARD INCcl a	$3,651,000	–	10,000	–	0.36%	–
HON	New	HONEYWELL INTERNATIONAL INC	$3,553,000	–	16,200	–	0.35%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS ETF	$3,194,000	–	58,810	–	0.32%	–
KO	New	COCA COLA CO	$2,619,000	–	48,400	–	0.26%	–
LMT	New	LOCKHEED MARTIN CORP	$2,342,000	–	6,190	–	0.23%	–
JKHY	New	JACK HENRY & ASSOCIATES INC	$2,337,000	–	14,290	–	0.23%	–
BRKB	New	BERKSHIRE HATHAWAY INC CLASS Bcl b	$2,054,000	–	7,390	–	0.20%	–
AVXL	New	ANAVEX LIFE SCIENCES CORP	$1,956,000	–	85,585	–	0.19%	–
BAC	New	BANK OF AMERICA CORPORATION	$1,927,000	–	46,740	–	0.19%	–
CSCO	New	CISCO SYSTEMS INC	$1,882,000	–	35,500	–	0.19%	–
AME	New	AMETEK INC	$1,594,000	–	11,940	–	0.16%	–
VNT	New	VONTIER CORP	$1,565,000	–	48,026	–	0.15%	–
GILD	New	GILEAD SCIENCES INC	$1,283,000	–	18,630	–	0.13%	–
BMY	New	BRISTOL-MYERS SQUIBB COMPANY	$1,272,000	–	19,040	–	0.13%	–
STOR	New	STORE CAPITAL CORPORATIONreit	$1,267,000	–	36,700	–	0.12%	–
MRK	New	MERCK & CO INC	$1,171,000	–	15,060	–	0.12%	–
KHC	New	THE KRAFT HEINZ COMPANY	$1,054,000	–	25,850	–	0.10%	–
BTI	New	BRITISH AMERICAN TOBACCO PLCsponsored adr	$930,000	–	23,650	–	0.09%	–
UNP	New	UNION PACIFIC CORP	$897,000	–	4,080	–	0.09%	–
PH	New	PARKER HANNIFIN CORPORATION	$691,000	–	2,250	–	0.07%	–
PRU	New	PRUDENTIAL FINANCIAL INC	$651,000	–	6,350	–	0.06%	–
MET	New	METLIFE INC	$633,000	–	10,580	–	0.06%	–
VEEV	New	VEEVA SYSTEMS INC-CLASS Acl a	$622,000	–	2,000	–	0.06%	–
VHT	New	VANGUARD HEALTH CARE ETFetf	$568,000	–	2,300	–	0.06%	–
VZ	New	VERIZON COMMUNICATIONS INC	$527,000	–	9,400	–	0.05%	–
ASHR	New	XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETFetf	$474,000	–	11,700	–	0.05%	–
GOOGL	New	ALPHABET INC CLASS Acl a	$442,000	–	181	–	0.04%	–
ECL	New	ECOLAB INC	$433,000	–	2,100	–	0.04%	–
NVCR	New	NOVOCURE LIMITED	$377,000	–	1,700	–	0.04%	–
BABA	New	ALIBABA GROUP HOLDING LIMITEDsponsored adr	$247,000	–	1,090	–	0.02%	–
ALDX	New	ALDEYRA THERAPEUTICS INC	$227,000	–	20,020	–	0.02%	–
AKTX	New	AKARI THERAPEUTICS PLCsponsored adr	$155,000	–	89,815	–	0.02%	–
BDSI	New	BIODELIVERY SCIENCES INTERNATIONAL INC	$90,000	–	25,000	–	0.01%	–
ALPN	New	ALPINE IMMUNE SCIENCES INC	$94,000	–	10,445	–	0.01%	–
AMRN	New	AMARIN CORP PLC-ADR	$66,000	–	15,000	–	0.01%	–
CRVS	New	CORVUS PHARMACEUTICALS INC	$53,000	–	19,959	–	0.01%	–
ADMA	New	ADMA BIOLOGICS INC	$48,000	–	30,075	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
AMRN	Exit	AMARIN CORP PLC-ADRsponsored adr	$0	–	-15,000	–	-0.01%	–
ADMA	Exit	ADMA BIOLOGICS INC	$0	–	-30,075	–	-0.01%	–
CRVS	Exit	CORVUS PHARMACEUTICALS INC	$0	–	-19,959	–	-0.01%	–
BDSI	Exit	BIODELIVERY SCIENCES INTERNATIONAL INC	$0	–	-25,000	–	-0.01%	–
ALPN	Exit	ALPINE IMMUNE SCIENCES INC	$0	–	-10,445	–	-0.01%	–
ALDX	Exit	ALDEYRA THERAPEUTICS INC	$0	–	-20,020	–	-0.02%	–
AKTX	Exit	AKARI THERAPEUTICS PLCsponsored adr	$0	–	-89,815	–	-0.02%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-5,500	–	-0.04%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-50,280	–	-0.04%	–
GOOGL	Exit	ALPHABET INC CLASS Acl a	$0	–	-231	–	-0.04%	–
AVXL	Exit	ANAVEX LIFE SCIENCES CORP	$0	–	-85,585	–	-0.05%	–
ECL	Exit	ECOLAB INC	$0	–	-2,100	–	-0.05%	–
VEEV	Exit	VEEVA SYSTEMS INC-CLASS Acl a	$0	–	-2,000	–	-0.07%	–
ABBV	Exit	ABBVIE INC	$0	–	-9,093	–	-0.10%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-4,080	–	-0.10%	–
BTI	Exit	BRITISH AMERICAN TOBACCO PLCsponsored adr	$0	–	-23,650	–	-0.11%	–
KHC	Exit	THE KRAFT HEINZ COMPANY	$0	–	-31,150	–	-0.12%	–
STOR	Exit	STORE CAPITAL CORPORATIONreit	$0	–	-36,700	–	-0.13%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-18,630	–	-0.15%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-48,300	–	-0.20%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CLASS Bcl b	$0	–	-7,390	–	-0.20%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-44,500	–	-0.22%	–
JKHY	Exit	JACK HENRY & ASSOCIATES INC	$0	–	-13,700	–	-0.28%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-6,190	–	-0.30%	–
KO	Exit	COCA COLA CO	$0	–	-48,400	–	-0.30%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETS ETFetf	$0	–	-58,810	–	-0.32%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-16,200	–	-0.34%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-0.43%	–
CI	Exit	CIGNA CORPORATION	$0	–	-22,899	–	-0.49%	–
NDAQ	Exit	NASDAQ INC	$0	–	-33,500	–	-0.52%	–
WAB	Exit	WABTEC CORPORATION	$0	–	-73,943	–	-0.58%	–
FTV	Exit	FORTIVE CORP	$0	–	-64,240	–	-0.62%	–
BA	Exit	BOEING CO	$0	–	-33,500	–	-0.70%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-23,970	–	-0.71%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-19,200	–	-0.75%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NVsponsored adr	$0	–	-112,960	–	-0.77%	–
USB	Exit	US BANCORP	$0	–	-183,720	–	-0.84%	–
BBL	Exit	BHP BILLITON PLCsponsored adr	$0	–	-162,100	–	-0.88%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC CLASS Bcl b	$0	–	-298,280	–	-0.92%	–
NVO	Exit	NOVO NORDISK A/Ssponsored adr	$0	–	-116,900	–	-1.03%	–
AMGN	Exit	AMGEN INC	$0	–	-32,620	–	-1.05%	–
PSX	Exit	PHILLIPS 66	$0	–	-165,190	–	-1.09%	–
MDT	Exit	MEDTRONIC INC	$0	–	-87,160	–	-1.15%	–
WAT	Exit	WATERS CORPORATION	$0	–	-46,620	–	-1.16%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-270,350	–	-1.18%	–
RHHBY	Exit	ROCHE HOLDING AGsponsored adr	$0	–	-222,320	–	-1.21%	–
GOOG	Exit	ALPHABET INC CLASS Ccl c	$0	–	-7,000	–	-1.31%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-319,890	–	-1.57%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-18,650	–	-1.68%	–
NTR	Exit	NUTRIEN LTD	$0	–	-360,110	–	-1.80%	–
	Exit	MOODYS CORPORATION	$0	–	-51,950	–	-1.91%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-563,710	–	-2.46%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-70,600	–	-3.54%	–
NSRGY	Exit	NESTLE SAsponsored adr	$0	–	-237,130	–	-3.59%	–
V	Exit	VISA INC CLASS Acl a	$0	–	-153,300	–	-3.90%	–
LIN	Exit	LINDE PUBLIC LIMITED COMPANY	$0	–	-156,680	–	-4.74%	–
DHR	Exit	DANAHER CORP	$0	–	-188,640	–	-5.16%	–
MMM	Exit	3M CO	$0	–	-262,500	–	-5.34%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-1,829,230	–	-5.46%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-336,170	–	-6.36%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CLASS Acl a	$0	–	-783	–	-31.83%	–

Q3 2020

			Value		Shares		↓ Weighting
WFC	Buy	WELLS FARGO & CO	$43,005,000	-6.8%	1,829,230	+1.5%	5.46%	-13.6%
MMM	Buy	3M CO	$42,047,000	+2.9%	262,500	+0.2%	5.34%	-4.7%
BK	Buy	BANK OF NEW YORK MELLON CORP	$19,358,000	+9.3%	563,710	+23.0%	2.46%	+1.3%
USB	Buy	US BANCORP	$6,586,000	+5.2%	183,720	+8.1%	0.84%	-2.4%
VOO	Buy	VANGUARD S&P 500 ETFetf	$5,907,000	+18.1%	19,200	+8.8%	0.75%	+9.3%
KHC	Sell	THE KRAFT HEINZ COMPANY	$933,000	-21.3%	31,150	-16.2%	0.12%	-26.5%
AVXL	Sell	ANAVEX LIFE SCIENCES CORP	$389,000	-20.6%	85,585	-14.1%	0.05%	-26.9%
AKTX	Sell	AKARI THERAPEUTICS PLCsponsored adr	$156,000	-95.2%	89,815	-94.0%	0.02%	-95.5%
ALDX	Sell	ALDEYRA THERAPEUTICS INC	$148,000	-11.4%	20,020	-50.0%	0.02%	-17.4%
ALPN	Sell	ALPINE IMMUNE SCIENCES INC	$92,000	-81.2%	10,445	-79.3%	0.01%	-82.1%
BDSI	New	BIODELIVERY SCIENCES INTERNATIONAL INC	$93,000	–	25,000	–	0.01%	–
CRVS	Sell	CORVUS PHARMACEUTICALS INC	$80,000	-51.8%	19,959	-67.3%	0.01%	-56.5%
ADMA	New	ADMA BIOLOGICS INC	$72,000	–	30,075	–	0.01%	–
AMRN	New	AMARIN CORP PLC-ADRsponsored adr	$63,000	–	15,000	–	0.01%	–
TGTX	Exit	TG THERAPEUTICS INC	$0	–	-10,000	–	-0.03%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-3,310	–	-0.06%	–

Q2 2020

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC CLASS Acl a	$209,296,000	–	783	–	28.70%	–
JNJ	New	JOHNSON & JOHNSON	$47,276,000	–	336,170	–	6.48%	–
WFC	New	WELLS FARGO & CO	$46,127,000	–	1,801,830	–	6.32%	–
MMM	New	3M CO	$40,869,000	–	262,000	–	5.60%	–
DHR	New	DANAHER CORP	$33,357,000	–	188,640	–	4.57%	–
LIN	New	LINDE PUBLIC LIMITED COMPANY	$33,233,000	–	156,680	–	4.56%	–
V	New	VISA INC CLASS Acl a	$29,613,000	–	153,300	–	4.06%	–
ROP	New	ROPER TECHNOLOGIES INC	$27,411,000	–	70,600	–	3.76%	–
NSRGY	New	NESTLE SAsponsored adr	$26,189,000	–	237,130	–	3.59%	–
BK	New	BANK OF NEW YORK MELLON CORP	$17,710,000	–	458,210	–	2.43%	–
	New	MOODYS CORPORATION	$14,272,000	–	51,950	–	1.96%	–
MO	New	ALTRIA GROUP INC	$12,556,000	–	319,890	–	1.72%	–
XOM	New	EXXON MOBIL CORPORATION	$12,090,000	–	270,350	–	1.66%	–
PSX	New	PHILLIPS 66	$11,877,000	–	165,190	–	1.63%	–
NTR	New	NUTRIEN LTD	$11,560,000	–	360,110	–	1.58%	–
ISRG	New	INTUITIVE SURGICAL INC	$10,627,000	–	18,650	–	1.46%	–
GOOG	New	ALPHABET INC CLASS Ccl c	$9,895,000	–	7,000	–	1.36%	–
RHHBY	New	ROCHE HOLDING AGsponsored adr	$9,644,000	–	222,320	–	1.32%	–
RDSB	New	ROYAL DUTCH SHELL PLC CLASS Bcl b	$9,083,000	–	298,280	–	1.24%	–
WAT	New	WATERS CORPORATION	$8,410,000	–	46,620	–	1.15%	–
MDT	New	MEDTRONIC INC	$7,993,000	–	87,160	–	1.10%	–
AMGN	New	AMGEN INC	$7,694,000	–	32,620	–	1.06%	–
NVO	New	NOVO NORDISK A/Ssponsored adr	$7,655,000	–	116,900	–	1.05%	–
BBL	New	BHP BILLITON PLCadr	$6,670,000	–	162,100	–	0.92%	–
USB	New	US BANCORP	$6,258,000	–	169,970	–	0.86%	–
BA	New	BOEING CO	$6,141,000	–	33,500	–	0.84%	–
BDX	New	BECTON DICKINSON & CO	$5,735,000	–	23,970	–	0.79%	–
BUD	New	ANHEUSER-BUSCH INBEV NVsponsored adr	$5,569,000	–	112,960	–	0.76%	–
VOO	New	VANGUARD S&P 500 ETFetf	$5,003,000	–	17,650	–	0.69%	–
FTV	New	FORTIVE CORP	$4,346,000	–	64,240	–	0.60%	–
CI	New	CIGNA CORPORATION	$4,297,000	–	22,899	–	0.59%	–
WAB	New	WABTEC CORPORATION	$4,257,000	–	73,943	–	0.58%	–
NDAQ	New	NASDAQ INC	$4,002,000	–	33,500	–	0.55%	–
AKTX	New	AKARI THERAPEUTICS PLC	$3,270,000	–	1,500,096	–	0.45%	–
MA	New	MASTERCARD INCcl a	$2,957,000	–	10,000	–	0.40%	–
JKHY	New	JACK HENRY & ASSOCIATES INC	$2,521,000	–	13,700	–	0.35%	–
HON	New	HONEYWELL INTERNATIONAL INC	$2,342,000	–	16,200	–	0.32%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS ETFetf	$2,329,000	–	58,810	–	0.32%	–
LMT	New	LOCKHEED MARTIN CORP	$2,259,000	–	6,190	–	0.31%	–
KO	New	COCA COLA CO	$2,163,000	–	48,400	–	0.30%	–
CSCO	New	CISCO SYSTEMS INC	$2,075,000	–	44,500	–	0.28%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$1,625,000	–	48,300	–	0.22%	–
GILD	New	GILEAD SCIENCES INC	$1,433,000	–	18,630	–	0.20%	–
BRKB	New	BERKSHIRE HATHAWAY INC CLASS Bcl b	$1,319,000	–	7,390	–	0.18%	–
KHC	New	THE KRAFT HEINZ COMPANY	$1,185,000	–	37,150	–	0.16%	–
BTI	New	BRITISH AMERICAN TOBACCO PLC	$918,000	–	23,650	–	0.13%	–
ABBV	New	ABBVIE INC	$893,000	–	9,093	–	0.12%	–
STOR	New	STORE CAPITAL CORPORATIONreit	$874,000	–	36,700	–	0.12%	–
UNP	New	UNION PACIFIC CORP	$690,000	–	4,080	–	0.10%	–
AVXL	New	ANAVEX LIFE SCIENCES CORP	$490,000	–	99,578	–	0.07%	–
ALPN	New	ALPINE IMMUNE SCIENCES INC	$490,000	–	50,445	–	0.07%	–
VEEV	New	VEEVA SYSTEMS INC-CLASS Acl a	$469,000	–	2,000	–	0.06%	–
ECL	New	ECOLAB INC	$418,000	–	2,100	–	0.06%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$400,000	–	3,310	–	0.06%	–
GE	New	GENERAL ELECTRIC COMPANY	$343,000	–	50,280	–	0.05%	–
GOOGL	New	ALPHABET INC CLASS Acl a	$328,000	–	231	–	0.04%	–
OMC	New	OMNICOM GROUP INC	$300,000	–	5,500	–	0.04%	–
TGTX	New	TG THERAPEUTICS INC	$195,000	–	10,000	–	0.03%	–
ALDX	New	ALDEYRA THERAPEUTICS INC	$167,000	–	40,020	–	0.02%	–
CRVS	New	CORVUS PHARMACEUTICALS INC	$166,000	–	60,959	–	0.02%	–

Q4 2019

			Value		Shares		↓ Weighting
FTSI	Exit	FTS INTERNATIONAL INC	$0	–	-18,640	–	-0.01%	–
GME	Exit	GAMESTOP CORP-CLASS Acl a	$0	–	-22,120	–	-0.01%	–
MRSN	Exit	MERSANA THERAPEUTICS INC	$0	–	-90,246	–	-0.02%	–
MIK	Exit	THE MICHAELS COS INC	$0	–	-15,450	–	-0.02%	–
ZFGN	Exit	ZAFGEN INC	$0	–	-200,621	–	-0.02%	–
INVA	Exit	INNOVIVA INC	$0	–	-14,340	–	-0.02%	–
MDRIQ	Exit	MC DERMOTT INTERNATIONAL,INC	$0	–	-75,600	–	-0.02%	–
CALA	Exit	CALITHERA BIOSCIENCES,INC	$0	–	-50,000	–	-0.02%	–
SPHS	Exit	SOPHIRIS BIO INC	$0	–	-300,900	–	-0.02%	–
EAF	Exit	GRAFTECH INTERNATIONAL LTD	$0	–	-14,150	–	-0.02%	–
TGNA	Exit	TEGNA INC	$0	–	-12,180	–	-0.02%	–
SRRA	Exit	SIERRA ONCOLOGY INC	$0	–	-500,138	–	-0.02%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING INC	$0	–	-35,200	–	-0.02%	–
ALSN	Exit	ALLISON TRANSMISSION HOLDINGS,INC	$0	–	-4,270	–	-0.02%	–
CELG	Exit	CELGENE CORP	$0	–	-2,080	–	-0.02%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-2,590	–	-0.02%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-1,080	–	-0.02%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-6,300	–	-0.02%	–
DLX	Exit	DELUXE CORP	$0	–	-4,300	–	-0.02%	–
AEIS	Exit	ADVANCED ENERGY INDUSTRIES INC	$0	–	-3,650	–	-0.02%	–
STX	Exit	SEAGATE TECHNOLOGY	$0	–	-4,000	–	-0.02%	–
	Exit	THE TRAVELERS COMPANIES INC	$0	–	-1,500	–	-0.02%	–
EME	Exit	EMCOR GROUP INC	$0	–	-2,570	–	-0.02%	–
VGR	Exit	VECTOR GROUP LTD	$0	–	-18,890	–	-0.02%	–
WDC	Exit	WESTERN DIGITAL CORP	$0	–	-3,810	–	-0.02%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-1,020	–	-0.02%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-4,630	–	-0.02%	–
EGOV	Exit	NIC INC	$0	–	-11,620	–	-0.03%	–
CORT	Exit	CORCEPT THERAPEUTICS INC	$0	–	-16,790	–	-0.03%	–
PBH	Exit	PRESTIGE CONSUMER HEALTHCARE	$0	–	-6,960	–	-0.03%	–
SESN	Exit	SESEN BIO INC	$0	–	-211,855	–	-0.03%	–
KLAC	Exit	KLA-TENCOR CORP	$0	–	-1,610	–	-0.03%	–
TGTX	Exit	TG THERAPEUTICS INC	$0	–	-50,000	–	-0.03%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-1,000	–	-0.03%	–
ERUS	Exit	ISHARES MSCI RUSSIA ETFetf	$0	–	-7,850	–	-0.03%	–
GIS	Exit	GENERAL MILLS,INC	$0	–	-6,600	–	-0.04%	–
DVAX	Exit	DYNAVAX TECHNOLOGIES CORPORATION	$0	–	-105,573	–	-0.04%	–
CRVS	Exit	CORVUS PHARMACEUTICALS INC	$0	–	-130,000	–	-0.04%	–
WW	Exit	WEIGHT WATCHERS INTL INC	$0	–	-10,600	–	-0.04%	–
ECL	Exit	ECOLAB INC	$0	–	-2,100	–	-0.04%	–
ALDX	Exit	ALDEYRA THERAPEUTICS INC	$0	–	-80,020	–	-0.05%	–
FCAU	Exit	FIAT CHRYSLER AUTOMOBILES NV	$0	–	-33,350	–	-0.05%	–
SBPH	Exit	SPRING BANK PHARMACEUTICALS	$0	–	-160,914	–	-0.06%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CLASS Bcl b	$0	–	-2,700	–	-0.06%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-8,070	–	-0.07%	–
DNOW	Exit	NOW INC	$0	–	-55,675	–	-0.07%	–
IFF	Exit	INTL FLAVORS & FRAGRANCES	$0	–	-5,420	–	-0.07%	–
BTI	Exit	BRITISH AMERICAN TOBACCO PLC	$0	–	-19,350	–	-0.08%	–
ALPN	Exit	ALPINE IMMUNE SCIENCES INC	$0	–	-185,587	–	-0.08%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-43,900	–	-0.10%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-13,000	–	-0.10%	–
MET	Exit	METLIFE INC	$0	–	-20,760	–	-0.11%	–
RVNC	Exit	REVANCE THERAPEUTICS INC	$0	–	-80,100	–	-0.11%	–
EOLS	Exit	EVOLUS INC	$0	–	-68,500	–	-0.12%	–
NDAQ	Exit	NDAQ US	$0	–	-11,200	–	-0.12%	–
ZTS	Exit	ZOETIS INC	$0	–	-9,000	–	-0.12%	–
VHT	Exit	VANGUARD HEALTH CARE ETFetf	$0	–	-6,690	–	-0.12%	–
KHC	Exit	THE KRAFT HEINZ COMPANY	$0	–	-47,250	–	-0.14%	–
STOR	Exit	STORE CAPITAL CORPORATIONreit	$0	–	-36,700	–	-0.15%	–
AVXL	Exit	ANAVEX LIFE SCIENCES CORP	$0	–	-468,110	–	-0.16%	–
EWY	Exit	ISHARES MSCI SOUTH KOREA ETFetf	$0	–	-30,150	–	-0.18%	–
JKHY	Exit	JACK HENRY & ASSOCIATES INC	$0	–	-13,700	–	-0.22%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-48,300	–	-0.22%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-14,950	–	-0.22%	–
VB	Exit	VANGUARD SMALL- CAP ETFetf	$0	–	-14,500	–	-0.24%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS INC	$0	–	-42,420	–	-0.26%	–
KO	Exit	COCA COLA CO	$0	–	-46,000	–	-0.27%	–
AKTX	Exit	AKARI THERAPEUTICS PLC	$0	–	-1,500,096	–	-0.28%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-0.29%	–
SRCL	Exit	STERICYCLE INC	$0	–	-59,400	–	-0.33%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-21,210	–	-0.33%	–
HDV	Exit	ISHARES CORE HIGH DIVIDEND ETFetf	$0	–	-34,070	–	-0.35%	–
IBB	Exit	ISHARES NASDAQ BIOTECHNOLOGYetf	$0	–	-32,510	–	-0.35%	–
BIIB	Exit	BIOGEN INC	$0	–	-14,130	–	-0.36%	–
CI	Exit	CIGNA CORPORATION	$0	–	-26,316	–	-0.43%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETS ETFetf	$0	–	-117,910	–	-0.51%	–
GOOG	Exit	ALPHABET INC CLASS Ccl c	$0	–	-3,900	–	-0.51%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-103,900	–	-0.55%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-84,220	–	-0.58%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-23,970	–	-0.65%	–
PG	Exit	THE PROCTER&GAMBLE COMPANY	$0	–	-50,250	–	-0.67%	–
VDC	Exit	VANGUARD CONSUMER STAPLES ETFetf	$0	–	-40,600	–	-0.69%	–
AMGN	Exit	AMGEN INC	$0	–	-33,650	–	-0.70%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-784,700	–	-0.76%	–
USB	Exit	US BANCORP	$0	–	-127,370	–	-0.76%	–
ASHR	Exit	DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUNDetf	$0	–	-271,680	–	-0.79%	–
RHHBY	Exit	ROCHE HOLDING AGsponsored adr	$0	–	-222,320	–	-0.87%	–
MDT	Exit	MEDTRONIC INC	$0	–	-76,700	–	-0.90%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NVsponsored adr	$0	–	-93,700	–	-0.96%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC CLASS Bcl b	$0	–	-149,210	–	-0.96%	–
BSV	Exit	VANGUARD SHORT-TERM BOND ETFetf	$0	–	-114,600	–	-1.00%	–
BBL	Exit	BHP BILLITON PLC	$0	–	-225,930	–	-1.04%	–
WAB	Exit	WABTEC CORPORATION	$0	–	-135,270	–	-1.05%	–
FTV	Exit	FORTIVE CORP	$0	–	-144,500	–	-1.07%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-18,650	–	-1.09%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-255,900	–	-1.13%	–
	Exit	MOODYS CORPORATION	$0	–	-51,450	–	-1.14%	–
NVO	Exit	NOVO NORDISK A/Ssponsored adr	$0	–	-212,790	–	-1.19%	–
SPTS	Exit	SPDR PORT SHRT TRM TRSRYetf	$0	–	-376,500	–	-1.22%	–
WAT	Exit	WATERS CORPORATION	$0	–	-52,350	–	-1.26%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-47,600	–	-1.40%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-189,443	–	-1.44%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-319,290	–	-1.56%	–
PSX	Exit	PHILLIPS 66	$0	–	-151,570	–	-1.68%	–
NTR	Exit	NUTRIEN LTD	$0	–	-326,310	–	-1.76%	–
BA	Exit	BOEING CO	$0	–	-57,900	–	-2.38%	–
NSRGY	Exit	NESTLE SAsponsored adr	$0	–	-227,130	–	-2.66%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-70,600	–	-2.72%	–
V	Exit	VISA INC CLASS Acl a	$0	–	-153,300	–	-2.84%	–
LIN	Exit	LINDE PUBLIC LIMITED COMPANY	$0	–	-151,020	–	-3.16%	–
DHR	Exit	DANAHER CORP	$0	–	-215,800	–	-3.36%	–
AGN	Exit	ALLERGAN PLCsponsored adr	$0	–	-195,700	–	-3.55%	–
MMM	Exit	3M CO	$0	–	-206,760	–	-3.67%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-314,410	–	-4.39%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-1,639,880	–	-8.92%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CLASS Acl a	$0	–	-750	–	-25.23%	–

Q3 2019

			Value		Shares		↓ Weighting
BRKA	Buy	BERKSHIRE HATHAWAY INC CLASS Acl a	$233,874,000	-1.4%	750	+0.7%	25.23%	-1.2%
WFC	Buy	WELLS FARGO & CO	$82,716,000	+20.9%	1,639,880	+13.4%	8.92%	+21.1%
JNJ	Buy	JOHNSON & JOHNSON	$40,678,000	-6.9%	314,410	+0.3%	4.39%	-6.7%
MMM	Buy	3M CO	$33,991,000	+1.3%	206,760	+6.8%	3.67%	+1.4%
BK	Buy	BANK OF NEW YORK MELLON CORP	$14,435,000	+3.1%	319,290	+0.7%	1.56%	+3.2%
XOM	Buy	EXXON MOBIL CORPORATION	$13,377,000	+26.2%	189,443	+37.0%	1.44%	+26.4%
VOO	Buy	VANGUARD S&P 500 ETFetf	$12,976,000	+9.2%	47,600	+7.8%	1.40%	+9.4%
SPTS	New	SPDR PORT SHRT TRM TRSRYetf	$11,303,000	–	376,500	–	1.22%	–
MO	Buy	ALTRIA GROUP INC	$10,466,000	-10.1%	255,900	+4.1%	1.13%	-10.0%
FTV	Buy	FORTIVE CORP	$9,907,000	-14.2%	144,500	+2.0%	1.07%	-14.1%
WAB	Sell	WABTEC CORPORATION	$9,721,000	-37.1%	135,270	-37.1%	1.05%	-37.0%
RDSB	Buy	ROYAL DUTCH SHELL PLC CLASS Bcl b	$8,938,000	+19.0%	149,210	+30.6%	0.96%	+19.2%
BUD	Sell	ANHEUSER-BUSCH INBEV NVsponsored adr	$8,916,000	-18.6%	93,700	-24.3%	0.96%	-18.5%
RHHBY	Buy	ROCHE HOLDING AGsponsored adr	$8,104,000	+38.5%	222,320	+33.4%	0.87%	+38.7%
ASHR	Buy	DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUNDetf	$7,360,000	-0.6%	271,680	+3.3%	0.79%	-0.5%
USB	Buy	US BANCORP	$7,049,000	+7.1%	127,370	+1.4%	0.76%	+7.3%
GE	Sell	GENERAL ELECTRIC COMPANY	$7,015,000	-39.5%	784,700	-28.9%	0.76%	-39.4%
PG	Sell	THE PROCTER&GAMBLE COMPANY	$6,250,000	-38.3%	50,250	-45.6%	0.67%	-38.2%
VWO	Buy	VANGUARD FTSE EMERGING MARKETS ETFetf	$4,747,000	+10.9%	117,910	+17.2%	0.51%	+11.1%
HDV	Buy	ISHARES CORE HIGH DIVIDEND ETFetf	$3,208,000	+16.3%	34,070	+16.7%	0.35%	+16.5%
IBM	Sell	INTERNATIONAL BUSINESS MACHINES CORP	$3,084,000	-1.5%	21,210	-6.6%	0.33%	-1.2%
AKTX	Buy	AKARI THERAPEUTICS PLC	$2,565,000	-9.3%	1,500,096	+7.1%	0.28%	-9.2%
VB	Buy	VANGUARD SMALL- CAP ETFetf	$2,231,000	+23.2%	14,500	+25.4%	0.24%	+23.6%
EWY	Buy	ISHARES MSCI SOUTH KOREA ETFetf	$1,699,000	+302.6%	30,150	+327.7%	0.18%	+306.7%
AVXL	Buy	ANAVEX LIFE SCIENCES CORP	$1,479,000	+152.0%	468,110	+168.9%	0.16%	+154.0%
KHC	Buy	THE KRAFT HEINZ COMPANY	$1,320,000	+2.6%	47,250	+14.0%	0.14%	+2.2%
MET	New	METLIFE INC	$979,000	–	20,760	–	0.11%	–
CL	Sell	COLGATE-PALMOLIVE COMPANY	$956,000	-90.6%	13,000	-90.9%	0.10%	-90.6%
ALPN	Buy	ALPINE IMMUNE SCIENCES INC	$735,000	+43.8%	185,587	+52.9%	0.08%	+43.6%
IFF	Buy	INTL FLAVORS & FRAGRANCES	$665,000	+40.3%	5,420	+65.7%	0.07%	+41.2%
SBPH	Buy	SPRING BANK PHARMACEUTICALS	$554,000	+145.1%	160,914	+162.3%	0.06%	+150.0%
FCAU	New	FIAT CHRYSLER AUTOMOBILES NV	$432,000	–	33,350	–	0.05%	–
ALDX	Buy	ALDEYRA THERAPEUTICS INC	$422,000	+58.1%	80,020	+79.7%	0.05%	+58.6%
GIS	Sell	GENERAL MILLS,INC	$364,000	-90.4%	6,600	-90.9%	0.04%	-90.4%
KLAC	New	KLA-TENCOR CORP	$257,000	–	1,610	–	0.03%	–
LRCX	New	LAM RESEARCH CORP	$236,000	–	1,020	–	0.02%	–
WDC	New	WESTERN DIGITAL CORP	$227,000	–	3,810	–	0.02%	–
RTN	New	RAYTHEON COMPANY	$212,000	–	1,080	–	0.02%	–
DLX	New	DELUXE CORP	$211,000	–	4,300	–	0.02%	–
STX	New	SEAGATE TECHNOLOGY	$215,000	–	4,000	–	0.02%	–
ALSN	New	ALLISON TRANSMISSION HOLDINGS,INC	$201,000	–	4,270	–	0.02%	–
CELG	Sell	CELGENE CORP	$207,000	-93.7%	2,080	-94.2%	0.02%	-93.8%
SRRA	Buy	SIERRA ONCOLOGY INC	$195,000	+38.3%	500,138	+98.4%	0.02%	+40.0%
ZFGN	Buy	ZAFGEN INC	$148,000	-17.3%	200,621	+33.3%	0.02%	-15.8%
PTI	Exit	PROTEOSTASIS THERAPEUTICS IN	$0	–	-23,367	–	-0.00%	–
MTOR	Exit	MERITOR INC	$0	–	-8,470	–	-0.02%	–
HPQ	Exit	HP INC	$0	–	-9,790	–	-0.02%	–
NKTR	Exit	NEKTAR THERAPEUTICS	$0	–	-5,900	–	-0.02%	–
HRB	Exit	H&R BLOCK INC	$0	–	-7,590	–	-0.02%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-2,300	–	-0.02%	–
	Exit	EQUIFAX INC	$0	–	-2,790	–	-0.04%	–
VKTX	Exit	VIKING THERAPEUTICS IN	$0	–	-50,000	–	-0.04%	–
ACAD	Exit	ACADIA PHARMACEUTICALS INC	$0	–	-18,535	–	-0.05%	–

Q2 2019

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC CLASS Acl a	$237,171,000	–	745	–	25.55%	–
WFC	New	WELLS FARGO & CO	$68,417,000	–	1,445,840	–	7.37%	–
JNJ	New	JOHNSON & JOHNSON	$43,680,000	–	313,610	–	4.70%	–
MMM	New	3M CO	$33,559,000	–	193,600	–	3.62%	–
AGN	New	ALLERGAN PLCsponsored adr	$32,766,000	–	195,700	–	3.53%	–
DHR	New	DANAHER CORP	$30,842,000	–	215,800	–	3.32%	–
LIN	New	LINDE PUBLIC LIMITED COMPANY	$30,325,000	–	151,020	–	3.27%	–
V	New	VISA INC CLASS Acl a	$26,605,000	–	153,300	–	2.87%	–
ROP	New	ROPER TECHNOLOGIES INC	$25,858,000	–	70,600	–	2.79%	–
NSRGY	New	NESTLE SAsponsored adr	$23,485,000	–	227,130	–	2.53%	–
BA	New	BOEING CO	$21,076,000	–	57,900	–	2.27%	–
NTR	New	NUTRIEN LTD	$17,445,000	–	326,310	–	1.88%	–
WAB	New	WABTEC CORPORATION	$15,443,000	–	215,200	–	1.66%	–
PSX	New	PHILLIPS 66	$14,178,000	–	151,570	–	1.53%	–
BK	New	BANK OF NEW YORK MELLON CORP	$13,995,000	–	316,990	–	1.51%	–
VOO	New	VANGUARD S&P 500 ETFetf	$11,880,000	–	44,140	–	1.28%	–
MO	New	ALTRIA GROUP INC	$11,637,000	–	245,770	–	1.25%	–
GE	New	GENERAL ELECTRIC COMPANY	$11,595,000	–	1,104,300	–	1.25%	–
FTV	New	FORTIVE CORP	$11,551,000	–	141,700	–	1.24%	–
BBL	New	BHP BILLITON PLC	$11,547,000	–	225,930	–	1.24%	–
WAT	New	WATERS CORPORATION	$11,268,000	–	52,350	–	1.21%	–
BUD	New	ANHEUSER-BUSCH INBEV NVsponsored adr	$10,958,000	–	123,800	–	1.18%	–
NVO	New	NOVO NORDISK A/Ssponsored adr	$10,861,000	–	212,790	–	1.17%	–
XOM	New	EXXON MOBIL CORPORATION	$10,598,000	–	138,303	–	1.14%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$10,184,000	–	142,090	–	1.10%	–
PG	New	THE PROCTER&GAMBLE COMPANY	$10,126,000	–	92,350	–	1.09%	–
	New	MOODYS CORPORATION	$10,049,000	–	51,450	–	1.08%	–
ISRG	New	INTUITIVE SURGICAL INC	$9,783,000	–	18,650	–	1.05%	–
BSV	New	VANGUARD SHORT-TERM BOND ETFetf	$9,229,000	–	114,600	–	0.99%	–
RDSB	New	ROYAL DUTCH SHELL PLC CLASS Bcl b	$7,511,000	–	114,250	–	0.81%	–
MDT	New	MEDTRONIC INC	$7,470,000	–	76,700	–	0.80%	–
ASHR	New	DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUNDetf	$7,407,000	–	263,040	–	0.80%	–
USB	New	US BANCORP	$6,580,000	–	125,570	–	0.71%	–
AMGN	New	AMGEN INC	$6,201,000	–	33,650	–	0.67%	–
VDC	New	VANGUARD CONSUMER STAPLES ETFetf	$6,040,000	–	40,600	–	0.65%	–
BDX	New	BECTON DICKINSON & CO	$6,041,000	–	23,970	–	0.65%	–
RHHBY	New	ROCHE HOLDING AGsponsored adr	$5,851,000	–	166,700	–	0.63%	–
CSCO	New	CISCO SYSTEMS INC	$5,686,000	–	103,900	–	0.61%	–
GILD	New	GILEAD SCIENCES INC	$5,690,000	–	84,220	–	0.61%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS ETFetf	$4,279,000	–	100,610	–	0.46%	–
GOOG	New	ALPHABET INC CLASS Ccl c	$4,216,000	–	3,900	–	0.45%	–
CI	New	CIGNA CORPORATION	$4,146,000	–	26,316	–	0.45%	–
GIS	New	GENERAL MILLS,INC	$3,792,000	–	72,200	–	0.41%	–
IBB	New	ISHARES NASDAQ BIOTECHNOLOGYetf	$3,547,000	–	32,510	–	0.38%	–
BIIB	New	BIOGEN INC	$3,305,000	–	14,130	–	0.36%	–
CELG	New	CELGENE CORP	$3,289,000	–	35,580	–	0.35%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$3,132,000	–	22,710	–	0.34%	–
SRCL	New	STERICYCLE INC	$2,836,000	–	59,400	–	0.31%	–
AKTX	New	AKARI THERAPEUTICS PLC	$2,828,000	–	1,400,096	–	0.30%	–
HDV	New	ISHARES CORE HIGH DIVIDEND ETFetf	$2,758,000	–	29,190	–	0.30%	–
MA	New	MASTERCARD INCcl a	$2,645,000	–	10,000	–	0.28%	–
DVA	New	DAVITA HEALTHCARE PARTNERS INC	$2,387,000	–	42,420	–	0.26%	–
KO	New	COCA COLA CO	$2,342,000	–	46,000	–	0.25%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$2,188,000	–	48,300	–	0.24%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,946,000	–	14,950	–	0.21%	–
JKHY	New	JACK HENRY & ASSOCIATES INC	$1,835,000	–	13,700	–	0.20%	–
VB	New	VANGUARD SMALL- CAP ETFetf	$1,811,000	–	11,560	–	0.20%	–
KHC	New	THE KRAFT HEINZ COMPANY	$1,287,000	–	41,450	–	0.14%	–
STOR	New	STORE CAPITAL CORPORATIONreit	$1,218,000	–	36,700	–	0.13%	–
VHT	New	VANGUARD HEALTH CARE ETFetf	$1,164,000	–	6,690	–	0.12%	–
NDAQ	New	NDAQ US	$1,077,000	–	11,200	–	0.12%	–
RVNC	New	REVANCE THERAPEUTICS INC	$1,039,000	–	80,100	–	0.11%	–
ZTS	New	ZOETIS INC	$1,021,000	–	9,000	–	0.11%	–
EOLS	New	EVOLUS INC	$1,001,000	–	68,500	–	0.11%	–
NOV	New	NATIONAL OILWELL VARCO INC	$976,000	–	43,900	–	0.10%	–
DNOW	New	NOW INC	$822,000	–	55,675	–	0.09%	–
MDRIQ	New	MC DERMOTT INTERNATIONAL,INC	$730,000	–	75,600	–	0.08%	–
BTI	New	BRITISH AMERICAN TOBACCO PLC	$675,000	–	19,350	–	0.07%	–
OMC	New	OMNICOM GROUP INC	$661,000	–	8,070	–	0.07%	–
AVXL	New	ANAVEX LIFE SCIENCES CORP	$587,000	–	174,080	–	0.06%	–
BRKB	New	BERKSHIRE HATHAWAY INC CLASS Bcl b	$576,000	–	2,700	–	0.06%	–
ALPN	New	ALPINE IMMUNE SCIENCES INC	$511,000	–	121,363	–	0.06%	–
ACAD	New	ACADIA PHARMACEUTICALS INC	$495,000	–	18,535	–	0.05%	–
CRVS	New	CORVUS PHARMACEUTICALS INC	$486,000	–	130,000	–	0.05%	–
IFF	New	INTL FLAVORS & FRAGRANCES	$474,000	–	3,270	–	0.05%	–
TGTX	New	TG THERAPEUTICS INC	$433,000	–	50,000	–	0.05%	–
EWY	New	ISHARES MSCI SOUTH KOREA ETFetf	$422,000	–	7,050	–	0.04%	–
ECL	New	ECOLAB INC	$415,000	–	2,100	–	0.04%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORPORATION	$421,000	–	105,573	–	0.04%	–
VKTX	New	VIKING THERAPEUTICS IN	$415,000	–	50,000	–	0.04%	–
	New	EQUIFAX INC	$377,000	–	2,790	–	0.04%	–
MRSN	New	MERSANA THERAPEUTICS INC	$365,000	–	90,246	–	0.04%	–
SESN	New	SESEN BIO INC	$318,000	–	211,855	–	0.03%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING INC	$312,000	–	35,200	–	0.03%	–
ERUS	New	ISHARES MSCI RUSSIA ETFetf	$309,000	–	7,850	–	0.03%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$294,000	–	1,000	–	0.03%	–
ALDX	New	ALDEYRA THERAPEUTICS INC	$267,000	–	44,520	–	0.03%	–
SPHS	New	SOPHIRIS BIO INC	$254,000	–	300,900	–	0.03%	–
ABC	New	AMERISOURCEBERGEN CORP	$221,000	–	2,590	–	0.02%	–
MAN	New	MANPOWERGROUP INC	$222,000	–	2,300	–	0.02%	–
SBPH	New	SPRING BANK PHARMACEUTICALS	$226,000	–	61,336	–	0.02%	–
PBH	New	PRESTIGE CONSUMER HEALTHCARE	$220,000	–	6,960	–	0.02%	–
HRB	New	H&R BLOCK INC	$222,000	–	7,590	–	0.02%	–
	New	THE TRAVELERS COMPANIES INC	$224,000	–	1,500	–	0.02%	–
EME	New	EMCOR GROUP INC	$226,000	–	2,570	–	0.02%	–
NKTR	New	NEKTAR THERAPEUTICS	$210,000	–	5,900	–	0.02%	–
SYF	New	SYNCHRONY FINANCIAL	$218,000	–	6,300	–	0.02%	–
INVA	New	INNOVIVA INC	$209,000	–	14,340	–	0.02%	–
AEIS	New	ADVANCED ENERGY INDUSTRIES INC	$205,000	–	3,650	–	0.02%	–
WW	New	WEIGHT WATCHERS INTL INC	$202,000	–	10,600	–	0.02%	–
MTOR	New	MERITOR INC	$205,000	–	8,470	–	0.02%	–
HPQ	New	HP INC	$204,000	–	9,790	–	0.02%	–
AMAT	New	APPLIED MATERIALS INC	$208,000	–	4,630	–	0.02%	–
CALA	New	CALITHERA BIOSCIENCES,INC	$195,000	–	50,000	–	0.02%	–
TGNA	New	TEGNA INC	$185,000	–	12,180	–	0.02%	–
VGR	New	VECTOR GROUP LTD	$184,000	–	18,890	–	0.02%	–
CORT	New	CORCEPT THERAPEUTICS INC	$187,000	–	16,790	–	0.02%	–
EGOV	New	NIC INC	$186,000	–	11,620	–	0.02%	–
ZFGN	New	ZAFGEN INC	$179,000	–	150,521	–	0.02%	–
EAF	New	GRAFTECH INTERNATIONAL LTD	$163,000	–	14,150	–	0.02%	–
SRRA	New	SIERRA ONCOLOGY INC	$141,000	–	252,100	–	0.02%	–
MIK	New	THE MICHAELS COS INC	$134,000	–	15,450	–	0.01%	–
GME	New	GAMESTOP CORP-CLASS Acl a	$121,000	–	22,120	–	0.01%	–
FTSI	New	FTS INTERNATIONAL INC	$104,000	–	18,640	–	0.01%	–
PTI	New	PROTEOSTASIS THERAPEUTICS IN	$23,000	–	23,367	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
SBPH	Exit	SPRING BANK PHARMACEUTICALS	$0	–	-11,336	–	-0.01%	–
SESN	Exit	SESEN BIO INC	$0	–	-65,592	–	-0.01%	–
TWNK	Exit	HOSTESS BRANDS,INC	$0	–	-17,810	–	-0.02%	–
BEDU	Exit	BRIGHT SCHOLAR EDUCATION HOLDINGS LTDsponsored adr	$0	–	-16,140	–	-0.02%	–
ATHM	Exit	AUTOHOME INCsponsored adr	$0	–	-2,670	–	-0.02%	–
ONE	Exit	ONESMART INTERNATIONAL EDUCATION GROUP LIMITEDsponsored adr	$0	–	-23,940	–	-0.02%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC CLASS Bcl b	$0	–	-1,000	–	-0.02%	–
MIK	Exit	THE MICHAELS COS INC	$0	–	-14,120	–	-0.02%	–
MCK	Exit	MCKESSON CORPORATION	$0	–	-1,740	–	-0.02%	–
CTRP	Exit	CTRIP.COM INTERNATIONAL, LTDsponsored adr	$0	–	-6,050	–	-0.02%	–
WUBA	Exit	58.COM, INCsponsored adr	$0	–	-3,240	–	-0.02%	–
WD	Exit	WALKER & DUNLOP INC	$0	–	-4,390	–	-0.02%	–
KLAC	Exit	KLA-TENCOR CORPORATION	$0	–	-2,370	–	-0.02%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP, INC	$0	–	-8,670	–	-0.02%	–
HLI	Exit	HOULIHAN LOKEY, INC	$0	–	-5,740	–	-0.03%	–
HRB	Exit	H&R BLOCK, INC	$0	–	-9,760	–	-0.03%	–
CRUS	Exit	CIRRUS LOGIC, INC	$0	–	-6,530	–	-0.03%	–
PCAR	Exit	PACCAR INC	$0	–	-3,710	–	-0.03%	–
TARO	Exit	TARO PHARMACEUTICAL INDUSTRIES LTD	$0	–	-2,560	–	-0.03%	–
BKE	Exit	THE BUCKLE, INC	$0	–	-11,400	–	-0.03%	–
BIDU	Exit	BAIDU INC	$0	–	-1,140	–	-0.03%	–
IDCC	Exit	INTERDIGITAL INC	$0	–	-3,270	–	-0.03%	–
YUM	Exit	YUM!BRANDS, INC	$0	–	-2,990	–	-0.03%	–
CRVS	Exit	CORVUS PHARMACEUTICALS INC	$0	–	-32,090	–	-0.03%	–
ZTO	Exit	ZTO EXPRESS CAYMAN INCsponsored adr	$0	–	-16,330	–	-0.03%	–
TGNA	Exit	TEGNA INC	$0	–	-23,790	–	-0.03%	–
CNNE	Exit	CANNAE HOLDINGS INC	$0	–	-13,400	–	-0.03%	–
HOLX	Exit	HOLOGIC, INC	$0	–	-6,850	–	-0.03%	–
ORCL	Exit	ORACLE CORPORATION	$0	–	-5,600	–	-0.03%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORPORATION	$0	–	-1,220	–	-0.03%	–
UTHR	Exit	UNITED THERAPEUTICS CORPORATION	$0	–	-2,300	–	-0.03%	–
CHKP	Exit	CHECK POINT SOFTWARE TECHNOLOGIES LTD	$0	–	-2,510	–	-0.03%	–
MSGN	Exit	MSG NETWORKS INC	$0	–	-11,540	–	-0.03%	–
RMR	Exit	RMR GROUP INC	$0	–	-3,310	–	-0.03%	–
KBR	Exit	KBR, INC	$0	–	-15,040	–	-0.03%	–
CI	Exit	CIGNA CORPORATION	$0	–	-1,500	–	-0.03%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,140	–	-0.03%	–
HCC	Exit	WARRIOR MET COAL INC	$0	–	-11,500	–	-0.03%	–
ALSN	Exit	ALLISON TRANSMISSION HOLDINGS,INC	$0	–	-6,220	–	-0.03%	–
CBIO	Exit	CATALYST BIOSCIENCES INC	$0	–	-30,000	–	-0.03%	–
ECL	Exit	ECOLAB INC	$0	–	-2,100	–	-0.03%	–
CA	Exit	CA INC	$0	–	-7,490	–	-0.03%	–
AMCX	Exit	AMC NETWORKS INC	$0	–	-5,080	–	-0.03%	–
FFIV	Exit	F5 NETWORKS, INC	$0	–	-1,660	–	-0.03%	–
ABEO	Exit	ABEONA THERAPEUTICS INC	$0	–	-28,101	–	-0.04%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-5,500	–	-0.04%	–
PINC	Exit	PREMIER, INC	$0	–	-8,200	–	-0.04%	–
GTN	Exit	GRAY TELEVISION, INC	$0	–	-21,890	–	-0.04%	–
BDSI	Exit	BIODELIVERY SCIENCES INTERNATIONAL INC	$0	–	-150,000	–	-0.04%	–
SPHS	Exit	SOPHIRIS BIO INC	$0	–	-170,000	–	-0.05%	–
L	Exit	LOEWS CORPORATION	$0	–	-9,700	–	-0.05%	–
CALA	Exit	CALITHERA BIOSCIENCES,INC	$0	–	-100,000	–	-0.05%	–
ADMS	Exit	ADAMAS PHARMACEUTICALS INC	$0	–	-30,000	–	-0.06%	–
PGNX	Exit	PROGENICS PHARMACEUTICALS INC	$0	–	-100,000	–	-0.06%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING INC	$0	–	-35,200	–	-0.07%	–
OCUL	Exit	OCULAR THERAPEUTIX INC	$0	–	-120,001	–	-0.08%	–
ST	Exit	SENSATA TECHNOLOGIES HOLDING	$0	–	-18,000	–	-0.09%	–
TGTX	Exit	TG THERAPEUTICS INC	$0	–	-160,000	–	-0.09%	–
BTI	Exit	BRITISH AMERICAN TOBACCO PLC	$0	–	-19,350	–	-0.09%	–
DNOW	Exit	NOW INC	$0	–	-55,675	–	-0.09%	–
STOR	Exit	STORE CAPITAL CORPORATIONreit	$0	–	-36,700	–	-0.10%	–
SYNT	Exit	SYNTEL INC	$0	–	-31,270	–	-0.13%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-25,300	–	-0.13%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETS ETF	$0	–	-34,200	–	-0.14%	–
MDRIQ	Exit	MC DERMOTT INTERNATIONAL,INC	$0	–	-76,638	–	-0.14%	–
CHL	Exit	CHINA MOBILE LIMITEDsponsored adr	$0	–	-29,800	–	-0.15%	–
ALDX	Exit	ALDEYRA THERAPEUTICS INC	$0	–	-107,858	–	-0.15%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-10,000	–	-0.16%	–
HDV	Exit	ISHARES CORE HIGH DIVIDEND ETF	$0	–	-18,500	–	-0.17%	–
MCD	Exit	MCDONADLD'S CORP	$0	–	-10,060	–	-0.17%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-17,600	–	-0.19%	–
DVAX	Exit	DYNAVAX TECHNOLOGIES CORPORATION	$0	–	-155,755	–	-0.20%	–
KO	Exit	COCA COLA CO	$0	–	-46,000	–	-0.22%	–
JKHY	Exit	JACK HENRY & ASSOCIATES INC	$0	–	-13,700	–	-0.22%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-0.23%	–
ASHR	Exit	DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUNDetf	$0	–	-96,500	–	-0.25%	–
AKTX	Exit	AKARI THERAPEUTICS PLC	$0	–	-1,000,000	–	-0.26%	–
SRCL	Exit	STERICYCLE INC	$0	–	-47,600	–	-0.28%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-48,450	–	-0.30%	–
IBB	Exit	ISHARES NASDAQ BIOTECHNOLOGYetf	$0	–	-25,900	–	-0.32%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-62,080	–	-0.39%	–
CELG	Exit	CELGENE CORP	$0	–	-46,170	–	-0.42%	–
SGYPQ	Exit	SYNERGY PHARMACEUTICALS INC	$0	–	-2,500,000	–	-0.43%	–
GOOG	Exit	ALPHABET INC CLASS Ccl c	$0	–	-3,900	–	-0.47%	–
RDSB	Exit	ROYAL DUTCH SHELL PLC CLASS Bcl b	$0	–	-67,000	–	-0.48%	–
MDT	Exit	MEDTRONIC INC	$0	–	-50,700	–	-0.51%	–
RHHBY	Exit	ROCHE HOLDING AGsponsored adr	$0	–	-166,700	–	-0.51%	–
BIIB	Exit	BIOGEN INC	$0	–	-14,260	–	-0.51%	–
VDC	Exit	VANGUARD CONSUMER STAPLES ETFetf	$0	–	-40,600	–	-0.58%	–
GE	Exit	GENERAL ELECTRIC COMPANY	$0	–	-521,600	–	-0.60%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-22,800	–	-0.60%	–
USB	Exit	US BANCORP	$0	–	-114,700	–	-0.62%	–
SNY	Exit	SANOFI-AVENTIS SAsponsored adr	$0	–	-137,040	–	-0.62%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-84,650	–	-0.66%	–
VOO	Exit	VANGUARD S&P 500 ETF	$0	–	-25,690	–	-0.70%	–
AMGN	Exit	AMGEN INC	$0	–	-34,130	–	-0.72%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-158,000	–	-0.78%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NVsponsored adr	$0	–	-96,950	–	-0.86%	–
CL	Exit	COLGATE-PALMOLIVE COMPANY	$0	–	-134,590	–	-0.92%	–
BBL	Exit	BHP BILLITON PLC	$0	–	-210,530	–	-0.94%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-225,100	–	-0.99%	–
WAT	Exit	WATERS CORPORATION	$0	–	-51,800	–	-1.02%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING INC	$0	–	-111,740	–	-1.08%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-18,650	–	-1.09%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-130,393	–	-1.13%	–
GIS	Exit	GENERAL MILLS,INC	$0	–	-270,600	–	-1.18%	–
FTV	Exit	FORTIVE CORP	$0	–	-141,700	–	-1.21%	–
KHC	Exit	THE KRAFT HEINZ COMPANY	$0	–	-254,130	–	-1.42%	–
PG	Exit	THE PROCTER&GAMBLE COMPANY	$0	–	-174,200	–	-1.47%	–
NVO	Exit	NOVO NORDISK A/Ssponsored adr	$0	–	-339,040	–	-1.62%	–
NSRGY	Exit	NESTLE SAsponsored adr	$0	–	-221,490	–	-1.87%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS INC	$0	–	-269,940	–	-1.97%	–
WAB	Exit	WABTEC CORPORATION	$0	–	-192,770	–	-2.06%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-71,020	–	-2.14%	–
NTR	Exit	NUTRIEN LTD	$0	–	-376,360	–	-2.21%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-144,990	–	-2.23%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-163,350	–	-2.32%	–
DHR	Exit	DANAHER CORP	$0	–	-215,800	–	-2.38%	–
BA	Exit	BOEING CO	$0	–	-64,300	–	-2.43%	–
PX	Exit	PRAXAIR INC	$0	–	-151,020	–	-2.47%	–
V	Exit	VISA INC CLASS Acl a	$0	–	-171,900	–	-2.62%	–
PSX	Exit	PHILLIPS 66	$0	–	-245,470	–	-2.81%	–
AGN	Exit	ALLERGAN PLCsponsored adr	$0	–	-153,580	–	-2.97%	–
MMM	Exit	3M CO	$0	–	-149,660	–	-3.21%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-271,510	–	-3.81%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-1,544,420	–	-8.25%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CLASS Acl a	$0	–	-725	–	-23.59%	–

Q3 2018

			Value		Shares		↓ Weighting
BRKA	Buy	BERKSHIRE HATHAWAY INC CLASS Acl a	$232,000,000	+15.2%	725	+1.5%	23.59%	+6.4%
JNJ	Buy	JOHNSON & JOHNSON	$37,515,000	+25.2%	271,510	+10.0%	3.81%	+15.6%
MMM	Buy	3M CO	$31,535,000	+12.7%	149,660	+5.2%	3.21%	+4.1%
AGN	Buy	ALLERGAN PLCsponsored adr	$29,254,000	+50.3%	153,580	+31.6%	2.97%	+38.8%
UTX	Sell	UNITED TECHNOLOGIES CORP	$22,838,000	+10.3%	163,350	-1.4%	2.32%	+1.8%
IBM	Sell	INTERNATIONAL BUSINESS MACHINES CORP	$21,924,000	-30.7%	144,990	-36.0%	2.23%	-36.0%
NSRGY	Buy	NESTLE SAsponsored adr	$18,428,000	+24.5%	221,490	+15.9%	1.87%	+15.0%
KHC	Buy	THE KRAFT HEINZ COMPANY	$14,005,000	+9.7%	254,130	+25.0%	1.42%	+1.3%
GIS	Buy	GENERAL MILLS,INC	$11,614,000	+53.5%	270,600	+58.2%	1.18%	+41.8%
CL	Buy	COLGATE-PALMOLIVE COMPANY	$9,011,000	+20.2%	134,590	+16.3%	0.92%	+11.0%
BUD	Buy	ANHEUSER-BUSCH INBEV NVsponsored adr	$8,490,000	+22.1%	96,950	+40.5%	0.86%	+12.8%
AMGN	Sell	AMGEN INC	$7,075,000	-20.4%	34,130	-29.1%	0.72%	-26.5%
GILD	Sell	GILEAD SCIENCES INC	$6,536,000	-22.8%	84,650	-29.1%	0.66%	-28.7%
USB	Buy	US BANCORP	$6,057,000	+7.3%	114,700	+1.6%	0.62%	-1.0%
GE	Buy	GENERAL ELECTRIC COMPANY	$5,889,000	-14.5%	521,600	+3.0%	0.60%	-21.1%
VDC	Buy	VANGUARD CONSUMER STAPLES ETFetf	$5,689,000	+60.4%	40,600	+53.7%	0.58%	+48.2%
BIIB	Sell	BIOGEN INC	$5,038,000	-12.9%	14,260	-28.5%	0.51%	-19.6%
SGYPQ	Buy	SYNERGY PHARMACEUTICALS INC	$4,250,000	+6.2%	2,500,000	+8.7%	0.43%	-2.0%
CELG	Sell	CELGENE CORP	$4,132,000	-19.2%	46,170	-28.3%	0.42%	-25.4%
MO	Buy	ALTRIA GROUP INC	$2,922,000	+58.3%	48,450	+49.1%	0.30%	+46.3%
AKTX	Buy	AKARI THERAPEUTICS PLC	$2,560,000	+55.5%	1,000,000	+18.5%	0.26%	+43.6%
ASHR	Buy	DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUNDetf	$2,446,000	+51.9%	96,500	+59.0%	0.25%	+40.7%
DVAX	Buy	DYNAVAX TECHNOLOGIES CORPORATION	$1,931,000	-3.2%	155,755	+19.1%	0.20%	-10.5%
HDV	Buy	ISHARES CORE HIGH DIVIDEND ETF	$1,675,000	+272.2%	18,500	+249.1%	0.17%	+240.0%
VWO	Buy	VANGUARD FTSE EMERGING MARKETS ETF	$1,402,000	+95.5%	34,200	+101.2%	0.14%	+81.0%
BK	New	BANK OF NEW YORK MELLON CORP	$1,290,000	–	25,300	–	0.13%	–
OCUL	Buy	OCULAR THERAPEUTIX INC	$826,000	+53.0%	120,001	+50.0%	0.08%	+42.4%
PGNX	Sell	PROGENICS PHARMACEUTICALS INC	$627,000	-61.0%	100,000	-50.0%	0.06%	-63.8%
SPHS	New	SOPHIRIS BIO INC	$474,000	–	170,000	–	0.05%	–
BDSI	Sell	BIODELIVERY SCIENCES INTERNATIONAL INC	$420,000	-41.1%	150,000	-37.9%	0.04%	-44.9%
ABEO	Sell	ABEONA THERAPEUTICS INC	$360,000	-32.1%	28,101	-15.1%	0.04%	-36.2%
CBIO	New	CATALYST BIOSCIENCES INC	$323,000	–	30,000	–	0.03%	–
CRVS	New	CORVUS PHARMACEUTICALS INC	$275,000	–	32,090	–	0.03%	–
BRKB	New	BERKSHIRE HATHAWAY INC CLASS Bcl b	$214,000	–	1,000	–	0.02%	–
SBPH	New	SPRING BANK PHARMACEUTICALS	$137,000	–	11,336	–	0.01%	–
SESN	New	SESEN BIO INC	$141,000	–	65,592	–	0.01%	–
SYF	Exit	SYNCHRONY FINANCIAL	$0	–	-6,300	–	-0.02%	–
AEIS	Exit	ADVANCED ENERGY INDUSTRIES, INC	$0	–	-3,830	–	-0.02%	–
DLX	Exit	DELUXE CORP	$0	–	-3,440	–	-0.02%	–
RMAX	Exit	RE/MAX HOLDINGS, INC	$0	–	-4,470	–	-0.03%	–
LNGG	Exit	LINN ENERGY INC	$0	–	-6,720	–	-0.03%	–
CORT	Exit	CORCEPT THERAPEUTICS INC	$0	–	-30,000	–	-0.05%	–
AKAOQ	Exit	ACHAOGEN INC	$0	–	-60,000	–	-0.06%	–
ACAD	Exit	ACADIA PHARMACEUTICALS INC	$0	–	-60,000	–	-0.10%	–

Q2 2018

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INC CLASS Acl a	$201,377,000	–	714	–	22.17%	–
WFC	New	WELLS FARGO & CO	$85,623,000	–	1,544,420	–	9.42%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$31,655,000	–	226,590	–	3.48%	–
JNJ	New	JOHNSON & JOHNSON	$29,961,000	–	246,920	–	3.30%	–
MMM	New	3M CO	$27,976,000	–	142,210	–	3.08%	–
PSX	New	PHILLIPS 66	$27,569,000	–	245,470	–	3.04%	–
PX	New	PRAXAIR INC	$23,884,000	–	151,020	–	2.63%	–
V	New	VISA INC CLASS Acl a	$22,768,000	–	171,900	–	2.51%	–
BA	New	BOEING CO	$21,573,000	–	64,300	–	2.38%	–
DHR	New	DANAHER CORP	$21,295,000	–	215,800	–	2.34%	–
UTX	New	UNITED TECHNOLOGIES CORP	$20,711,000	–	165,650	–	2.28%	–
NTR	New	NUTRIEN LTD	$20,466,000	–	376,360	–	2.25%	–
ROP	New	ROPER TECHNOLOGIES INC	$19,595,000	–	71,020	–	2.16%	–
AGN	New	ALLERGAN PLCsponsored adr	$19,461,000	–	116,730	–	2.14%	–
WAB	New	WABTEC CORPORATION	$19,003,000	–	192,770	–	2.09%	–
DVA	New	DAVITA HEALTHCARE PARTNERS INC	$18,745,000	–	269,940	–	2.06%	–
NVO	New	NOVO NORDISK A/Ssponsored adr	$15,637,000	–	339,040	–	1.72%	–
NSRGY	New	NESTLE SAsponsored adr	$14,798,000	–	191,110	–	1.63%	–
PG	New	THE PROCTER&GAMBLE COMPANY	$13,598,000	–	174,200	–	1.50%	–
KHC	New	THE KRAFT HEINZ COMPANY	$12,769,000	–	203,260	–	1.41%	–
FTV	New	FORTIVE CORP	$10,926,000	–	141,700	–	1.20%	–
XOM	New	EXXON MOBIL CORPORATION	$10,787,000	–	130,393	–	1.19%	–
WAT	New	WATERS CORPORATION	$10,028,000	–	51,800	–	1.10%	–
NOV	New	NATIONAL OILWELL VARCO INC	$9,769,000	–	225,100	–	1.08%	–
BBL	New	BHP BILLITON PLC	$9,463,000	–	210,530	–	1.04%	–
ISRG	New	INTUITIVE SURGICAL INC	$8,924,000	–	18,650	–	0.98%	–
AMGN	New	AMGEN INC	$8,884,000	–	48,130	–	0.98%	–
ESRX	New	EXPRESS SCRIPTS HOLDING INC	$8,627,000	–	111,740	–	0.95%	–
GILD	New	GILEAD SCIENCES INC	$8,462,000	–	119,450	–	0.93%	–
GIS	New	GENERAL MILLS,INC	$7,568,000	–	171,000	–	0.83%	–
CL	New	COLGATE-PALMOLIVE COMPANY	$7,499,000	–	115,700	–	0.82%	–
BUD	New	ANHEUSER-BUSCH INBEV NVsponsored adr	$6,952,000	–	69,000	–	0.76%	–
GE	New	GENERAL ELECTRIC COMPANY	$6,891,000	–	506,300	–	0.76%	–
CSCO	New	CISCO SYSTEMS INC	$6,799,000	–	158,000	–	0.75%	–
VOO	New	VANGUARD S&P 500 ETF	$6,410,000	–	25,690	–	0.71%	–
BIIB	New	BIOGEN INC	$5,787,000	–	19,940	–	0.64%	–
USB	New	US BANCORP	$5,647,000	–	112,900	–	0.62%	–
SNY	New	SANOFI-AVENTIS SAsponsored adr	$5,483,000	–	137,040	–	0.60%	–
BDX	New	BECTON DICKINSON & CO	$5,462,000	–	22,800	–	0.60%	–
CELG	New	CELGENE CORP	$5,112,000	–	64,370	–	0.56%	–
RDSB	New	ROYAL DUTCH SHELL PLC CLASS Bcl b	$4,868,000	–	67,000	–	0.54%	–
RHHBY	New	ROCHE HOLDING AGsponsored adr	$4,606,000	–	166,700	–	0.51%	–
GOOG	New	ALPHABET INC CLASS Ccl c	$4,351,000	–	3,900	–	0.48%	–
MDT	New	MEDTRONIC INC	$4,340,000	–	50,700	–	0.48%	–
SGYPQ	New	SYNERGY PHARMACEUTICALS INC	$4,002,000	–	2,300,000	–	0.44%	–
VDC	New	VANGUARD CONSUMER STAPLES ETFetf	$3,547,000	–	26,420	–	0.39%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,436,000	–	62,080	–	0.38%	–
SRCL	New	STERICYCLE INC	$3,108,000	–	47,600	–	0.34%	–
IBB	New	ISHARES NASDAQ BIOTECHNOLOGYetf	$2,844,000	–	25,900	–	0.31%	–
TGTX	New	TG THERAPEUTICS INC	$2,104,000	–	160,000	–	0.23%	–
KO	New	COCA COLA CO	$2,018,000	–	46,000	–	0.22%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORPORATION	$1,994,000	–	130,755	–	0.22%	–
MA	New	MASTERCARD INCcl a	$1,965,000	–	10,000	–	0.22%	–
MO	New	ALTRIA GROUP INC	$1,846,000	–	32,500	–	0.20%	–
JKHY	New	JACK HENRY & ASSOCIATES INC	$1,786,000	–	13,700	–	0.20%	–
AXP	New	AMERICAN EXPRESS CO	$1,725,000	–	17,600	–	0.19%	–
AKTX	New	AKARI THERAPEUTICS PLC	$1,646,000	–	843,849	–	0.18%	–
PGNX	New	PROGENICS PHARMACEUTICALS INC	$1,608,000	–	200,000	–	0.18%	–
ASHR	New	DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUNDetf	$1,610,000	–	60,700	–	0.18%	–
MCD	New	MCDONADLD'S CORP	$1,576,000	–	10,060	–	0.17%	–
MDRIQ	New	MC DERMOTT INTERNATIONAL,INC	$1,506,000	–	76,638	–	0.17%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$1,322,000	–	10,000	–	0.15%	–
CHL	New	CHINA MOBILE LIMITEDsponsored adr	$1,323,000	–	29,800	–	0.15%	–
STOR	New	STORE CAPITAL CORPORATIONreit	$1,006,000	–	36,700	–	0.11%	–
SYNT	New	SYNTEL INC	$1,003,000	–	31,270	–	0.11%	–
BTI	New	BRITISH AMERICAN TOBACCO PLC	$976,000	–	19,350	–	0.11%	–
ACAD	New	ACADIA PHARMACEUTICALS INC	$916,000	–	60,000	–	0.10%	–
ST	New	SENSATA TECHNOLOGIES HOLDING	$856,000	–	18,000	–	0.09%	–
ALDX	New	ALDEYRA THERAPEUTICS INC	$857,000	–	107,858	–	0.09%	–
ADMS	New	ADAMAS PHARMACEUTICALS INC	$775,000	–	30,000	–	0.08%	–
DNOW	New	NOW INC	$742,000	–	55,675	–	0.08%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING INC	$734,000	–	35,200	–	0.08%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS ETF	$717,000	–	17,000	–	0.08%	–
BDSI	New	BIODELIVERY SCIENCES INTERNATIONAL INC	$713,000	–	241,567	–	0.08%	–
OCUL	New	OCULAR THERAPEUTIX INC	$540,000	–	80,011	–	0.06%	–
ABEO	New	ABEONA THERAPEUTICS INC	$530,000	–	33,101	–	0.06%	–
AKAOQ	New	ACHAOGEN INC	$520,000	–	60,000	–	0.06%	–
CALA	New	CALITHERA BIOSCIENCES,INC	$500,000	–	100,000	–	0.06%	–
CORT	New	CORCEPT THERAPEUTICS INC	$472,000	–	30,000	–	0.05%	–
L	New	LOEWS CORPORATION	$468,000	–	9,700	–	0.05%	–
HDV	New	ISHARES CORE HIGH DIVIDEND ETF	$450,000	–	5,300	–	0.05%	–
OMC	New	OMNICOM GROUP INC	$419,000	–	5,500	–	0.05%	–
GTN	New	GRAY TELEVISION, INC	$346,000	–	21,890	–	0.04%	–
ZTO	New	ZTO EXPRESS CAYMAN INCsponsored adr	$327,000	–	16,330	–	0.04%	–
AMCX	New	AMC NETWORKS INC	$316,000	–	5,080	–	0.04%	–
HCC	New	WARRIOR MET COAL INC	$317,000	–	11,500	–	0.04%	–
BKE	New	THE BUCKLE, INC	$307,000	–	11,400	–	0.03%	–
PINC	New	PREMIER, INC	$298,000	–	8,200	–	0.03%	–
TARO	New	TARO PHARMACEUTICAL INDUSTRIES LTD	$296,000	–	2,560	–	0.03%	–
CTRP	New	CTRIP.COM INTERNATIONAL, LTDsponsored adr	$288,000	–	6,050	–	0.03%	–
ECL	New	ECOLAB INC	$295,000	–	2,100	–	0.03%	–
HLI	New	HOULIHAN LOKEY, INC	$294,000	–	5,740	–	0.03%	–
SBGI	New	SINCLAIR BROADCAST GROUP, INC	$279,000	–	8,670	–	0.03%	–
FFIV	New	F5 NETWORKS, INC	$286,000	–	1,660	–	0.03%	–
ADS	New	ALLIANCE DATA SYSTEMS CORPORATION	$285,000	–	1,220	–	0.03%	–
BIDU	New	BAIDU INC	$277,000	–	1,140	–	0.03%	–
MSGN	New	MSG NETWORKS INC	$276,000	–	11,540	–	0.03%	–
ATHM	New	AUTOHOME INCsponsored adr	$270,000	–	2,670	–	0.03%	–
ANTM	New	ANTHEM INC	$271,000	–	1,140	–	0.03%	–
MIK	New	THE MICHAELS COS INC	$271,000	–	14,120	–	0.03%	–
HOLX	New	HOLOGIC, INC	$272,000	–	6,850	–	0.03%	–
KBR	New	KBR, INC	$270,000	–	15,040	–	0.03%	–
CA	New	CA INC	$267,000	–	7,490	–	0.03%	–
BEDU	New	BRIGHT SCHOLAR EDUCATION HOLDINGS LTDsponsored adr	$268,000	–	16,140	–	0.03%	–
RMR	New	RMR GROUP INC	$260,000	–	3,310	–	0.03%	–
LNGG	New	LINN ENERGY INC	$260,000	–	6,720	–	0.03%	–
ONE	New	ONESMART INTERNATIONAL EDUCATION GROUP LIMITEDsponsored adr	$266,000	–	23,940	–	0.03%	–
IDCC	New	INTERDIGITAL INC	$265,000	–	3,270	–	0.03%	–
UTHR	New	UNITED THERAPEUTICS CORPORATION	$260,000	–	2,300	–	0.03%	–
TGNA	New	TEGNA INC	$258,000	–	23,790	–	0.03%	–
CI	New	CIGNA CORPORATION	$255,000	–	1,500	–	0.03%	–
ALSN	New	ALLISON TRANSMISSION HOLDINGS,INC	$252,000	–	6,220	–	0.03%	–
CRUS	New	CIRRUS LOGIC, INC	$250,000	–	6,530	–	0.03%	–
TWNK	New	HOSTESS BRANDS,INC	$242,000	–	17,810	–	0.03%	–
KLAC	New	KLA-TENCOR CORPORATION	$243,000	–	2,370	–	0.03%	–
CNNE	New	CANNAE HOLDINGS INC	$249,000	–	13,400	–	0.03%	–
CHKP	New	CHECK POINT SOFTWARE TECHNOLOGIES LTD	$245,000	–	2,510	–	0.03%	–
ORCL	New	ORACLE CORPORATION	$247,000	–	5,600	–	0.03%	–
WD	New	WALKER & DUNLOP INC	$244,000	–	4,390	–	0.03%	–
MCK	New	MCKESSON CORPORATION	$232,000	–	1,740	–	0.03%	–
YUM	New	YUM!BRANDS, INC	$234,000	–	2,990	–	0.03%	–
RMAX	New	RE/MAX HOLDINGS, INC	$234,000	–	4,470	–	0.03%	–
WUBA	New	58.COM, INCsponsored adr	$225,000	–	3,240	–	0.02%	–
DLX	New	DELUXE CORP	$228,000	–	3,440	–	0.02%	–
PCAR	New	PACCAR INC	$230,000	–	3,710	–	0.02%	–
HRB	New	H&R BLOCK, INC	$222,000	–	9,760	–	0.02%	–
AEIS	New	ADVANCED ENERGY INDUSTRIES, INC	$222,000	–	3,830	–	0.02%	–
SYF	New	SYNCHRONY FINANCIAL	$210,000	–	6,300	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
VIPS	Exit	VIPSHOP HOLDINGS LTD	$0	–	-14,450	–	-0.02%	–
TOUR	Exit	TUNIU CORPORATION	$0	–	-23,520	–	-0.02%	–
SIMO	Exit	SILICON MOTION TECHNOLOGY CORPORATION	$0	–	-4,230	–	-0.03%	–
AAPL	Exit	APPLE INC	$0	–	-1,350	–	-0.03%	–
CA	Exit	CA, INC.	$0	–	-6,130	–	-0.03%	–
URI	Exit	UNITED RENTALS INC	$0	–	-1,570	–	-0.03%	–
CSGS	Exit	CSG SYSTEMS INTERNATIONAL INC	$0	–	-5,350	–	-0.03%	–
RHI	Exit	ROBERT HALF INTERNATIONAL INC	$0	–	-4,260	–	-0.03%	–
SNI	Exit	SCRIPPS NETWORKS INTERACTIVE INC	$0	–	-2,510	–	-0.03%	–
WNC	Exit	WABASH NATIONAL CORPORATION	$0	–	-9,510	–	-0.03%	–
UBNT	Exit	UBIQUITI NETWORKS INC	$0	–	-3,950	–	-0.03%	–
BBY	Exit	BEST BUY CO INC	$0	–	-4,060	–	-0.03%	–
SHOO	Exit	STEVEN MADDEN LTD	$0	–	-5,290	–	-0.03%	–
CI	Exit	CIGNA CORPORATION	$0	–	-1,290	–	-0.03%	–
VRSN	Exit	VERISIGN INC	$0	–	-2,230	–	-0.03%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-1,290	–	-0.03%	–
KORS	Exit	MICHAEL KORS HOLDINGS LTD	$0	–	-5,260	–	-0.03%	–
NVR	Exit	NVR INC	$0	–	-90	–	-0.03%	–
ECL	Exit	ECOLAB INC	$0	–	-2,100	–	-0.04%	–
BIDU	Exit	BAIDU INC	$0	–	-1,120	–	-0.04%	–
TPX	Exit	TEMPUR SEALY INTERNATIONAL INC	$0	–	-4,350	–	-0.04%	–
CYOU	Exit	CHANGYOU.COM LTD	$0	–	-7,340	–	-0.04%	–
L	Exit	LOEWS CORPORATION	$0	–	-9,700	–	-0.06%	–
AKAOQ	Exit	ACHAOGEN INC	$0	–	-30,000	–	-0.06%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKETS ETFetf	$0	–	-11,000	–	-0.06%	–
SYNT	Exit	SYNTEL INC	$0	–	-31,270	–	-0.08%	–
BIVV	Exit	BIOVERATIV INC	$0	–	-11,000	–	-0.08%	–
ADMS	Exit	ADAMAS PHARMACEUTICALS INC	$0	–	-30,000	–	-0.08%	–
DNOW	Exit	NOW INC	$0	–	-55,675	–	-0.10%	–
ALDX	Exit	ALDEYRA THERAPEUTICS INC	$0	–	-107,858	–	-0.10%	–
OCRX	Exit	OCERA THERAPEUTICS INC	$0	–	-676,596	–	-0.10%	–
STOR	Exit	STORE CAPITAL CORPORATIONreit	$0	–	-36,700	–	-0.12%	–
AKTX	Exit	AKARI THERAPEUTICS PLC	$0	–	-151,334	–	-0.12%	–
SRPT	Exit	SAREPTA THERAPEUTICS INC	$0	–	-25,000	–	-0.15%	–
BUD	Exit	ANHEUSER-BUSCH INBEV NVsponsored adr	$0	–	-10,100	–	-0.16%	–
AMAG	Exit	AMAG PHARMACEUTICALS INC	$0	–	-70,000	–	-0.17%	–
UTHR	Exit	UNITED THERAPEUTICS CORPORATION	$0	–	-11,490	–	-0.17%	–
JKHY	Exit	JACK HENRY & ASSOCIATES INC	$0	–	-13,700	–	-0.18%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-0.18%	–
PGNX	Exit	PROGENICS PHARMACEUTICALS,INC	$0	–	-200,000	–	-0.19%	–
KHC	Exit	THE KRAFT HEINZ COMPANY	$0	–	-19,320	–	-0.19%	–
ACAD	Exit	ACADIA PHARMACEUTICALS INC	$0	–	-40,000	–	-0.20%	–
ASHR	Exit	DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUNDetf	$0	–	-51,900	–	-0.20%	–
CBI	Exit	CHICAGO BRIDGE &IRON COMPANYn y registry sh	$0	–	-93,000	–	-0.20%	–
MCD	Exit	MCDONADLD'S CORP	$0	–	-10,060	–	-0.20%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-17,600	–	-0.21%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING INC	$0	–	-113,800	–	-0.21%	–
BDSI	Exit	BIODELIVERY SCIENCES INTERNATIONAL INC	$0	–	-601,285	–	-0.23%	–
TGTX	Exit	TG THERAPEUTICS INC	$0	–	-160,000	–	-0.24%	–
KO	Exit	COCA COLA CO	$0	–	-46,000	–	-0.27%	–
DVAX	Exit	DYNAVAX TECHNOLOGIES CORPORATION	$0	–	-108,755	–	-0.30%	–
SRCL	Exit	STERICYCLE INC	$0	–	-35,800	–	-0.33%	–
GOOG	Exit	ALPHABET INC - CL Ccl c	$0	–	-3,900	–	-0.48%	–
NSRGY	Exit	NESTLE SAsponsored adr	$0	–	-44,560	–	-0.48%	–
MDT	Exit	MEDTRONIC INC	$0	–	-50,700	–	-0.51%	–
VOO	Exit	VANGUARD S&P 500 ETFetf	$0	–	-18,400	–	-0.55%	–
SGYPQ	Exit	SYNERGY PHARMACEUTICALS INC	$0	–	-1,500,000	–	-0.56%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-22,800	–	-0.58%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-84,800	–	-0.70%	–
RHHBY	Exit	ROCHE HOLDING AGsponsored adr	$0	–	-171,000	–	-0.71%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-163,890	–	-0.71%	–
USB	Exit	US BANCORP	$0	–	-112,900	–	-0.78%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING INC	$0	–	-98,560	–	-0.81%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-81,493	–	-0.86%	–
BIIB	Exit	BIOGEN INC	$0	–	-22,720	–	-0.92%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-7,770	–	-1.05%	–
CELG	Exit	CELGENE CORP	$0	–	-57,400	–	-1.08%	–
SNY	Exit	SANOFI-AVENTIS SAsponsored adr	$0	–	-171,300	–	-1.10%	–
WAT	Exit	WATERS CORPORATION	$0	–	-51,800	–	-1.20%	–
FTV	Exit	FORTIVE CORP	$0	–	-141,700	–	-1.30%	–
AMGN	Exit	AMGEN INC.	$0	–	-57,970	–	-1.40%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-141,930	–	-1.49%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-333,800	–	-1.54%	–
WAB	Exit	WABTEC CORPORATION	$0	–	-183,300	–	-1.80%	–
AGN	Exit	ALLERGAN PLCsponsored adr	$0	–	-71,400	–	-1.89%	–
BA	Exit	BOEING CO	$0	–	-64,300	–	-2.11%	–
ROP	Exit	ROPER TECHNOLOGIES INC	$0	–	-70,600	–	-2.22%	–
V	Exit	VISA INCcl a	$0	–	-171,900	–	-2.34%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-940,900	–	-2.34%	–
DHR	Exit	DANAHER CORP	$0	–	-215,800	–	-2.39%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS INC	$0	–	-312,300	–	-2.40%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-160,800	–	-2.41%	–
NVO	Exit	NOVO NORDISK A/Ssponsored adr	$0	–	-423,800	–	-2.64%	–
PSX	Exit	PHILLIPS 66	$0	–	-226,500	–	-2.68%	–
PX	Exit	PRAXAIR INC	$0	–	-151,020	–	-2.73%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-173,930	–	-2.92%	–
MMM	Exit	3M CO	$0	–	-112,700	–	-3.06%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES CORP	$0	–	-300,200	–	-5.63%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-1,544,420	–	-11.01%	–
BRKA	Exit	BERKSHIRE HATHAWAY INCcl a	$0	–	-704	–	-25.00%	–

Q3 2017

			Value		Shares		↓ Weighting
BRKA	Buy	BERKSHIRE HATHAWAY INCcl a	$193,417,000	+8.6%	704	+0.7%	25.00%	+4.1%
MMM	Buy	3M CO	$23,656,000	+2.0%	112,700	+1.2%	3.06%	-2.2%
JNJ	Buy	JOHNSON & JOHNSON	$22,613,000	-0.6%	173,930	+1.2%	2.92%	-4.7%
PSX	Buy	PHILLIPS 66	$20,750,000	+16.3%	226,500	+5.0%	2.68%	+11.6%
UTX	Buy	UNITED TECHNOLOGIES CORP	$18,666,000	-0.5%	160,800	+4.6%	2.41%	-4.7%
DVA	Buy	DAVITA HEALTHCARE PARTNERS INC	$18,547,000	-0.9%	312,300	+8.1%	2.40%	-5.0%
POT	Buy	POTASH CORP SASK INC	$18,103,000	+32.8%	940,900	+12.5%	2.34%	+27.3%
BA	Sell	BOEING CO	$16,346,000	+8.9%	64,300	-15.3%	2.11%	+4.4%
WAB	Buy	WABTEC CORPORATION	$13,885,000	-11.4%	183,300	+7.1%	1.80%	-15.0%
NOV	Buy	NATIONAL OILWELL VARCO INC	$11,927,000	+23.4%	333,800	+13.8%	1.54%	+18.3%
GILD	Buy	GILEAD SCIENCES INC	$11,499,000	+25.6%	141,930	+9.7%	1.49%	+20.4%
AMGN	Buy	AMGEN INC.	$10,809,000	+47.0%	57,970	+35.8%	1.40%	+40.8%
ESRX	Buy	EXPRESS SCRIPTS HOLDING INC	$6,241,000	+27.5%	98,560	+28.6%	0.81%	+22.3%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$5,405,000	+41.2%	84,800	+23.4%	0.70%	+35.5%
SGYPQ	Buy	SYNERGY PHARMACEUTICALS INC	$4,350,000	+95.5%	1,500,000	+200.0%	0.56%	+87.3%
VOO	Buy	VANGUARD S&P 500 ETFetf	$4,246,000	+41.6%	18,400	+36.3%	0.55%	+35.9%
NSRGY	Buy	NESTLE SAsponsored adr	$3,743,000	+3.7%	44,560	+7.6%	0.48%	-0.6%
SRCL	Sell	STERICYCLE INC	$2,564,000	-74.2%	35,800	-72.5%	0.33%	-75.3%
DVAX	Buy	DYNAVAX TECHNOLOGIES CORPORATION	$2,338,000	+189.4%	108,755	+29.8%	0.30%	+177.1%
TGTX	Buy	TG THERAPEUTICS INC	$1,896,000	+214.4%	160,000	+166.7%	0.24%	+202.5%
DOFSQ	Sell	DIAMOND OFFSHORE DRILLING INC	$1,650,000	-73.2%	113,800	-80.0%	0.21%	-74.3%
CBI	Sell	CHICAGO BRIDGE &IRON COMPANYn y registry sh	$1,562,000	-64.3%	93,000	-58.1%	0.20%	-65.8%
ASHR	Buy	DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUNDetf	$1,515,000	+56.5%	51,900	+46.2%	0.20%	+49.6%
ACAD	Sell	ACADIA PHARMACEUTICALS INC	$1,507,000	-9.9%	40,000	-33.3%	0.20%	-13.7%
PGNX	New	PROGENICS PHARMACEUTICALS,INC	$1,472,000	–	200,000	–	0.19%	–
SRPT	New	SAREPTA THERAPEUTICS INC	$1,134,000	–	25,000	–	0.15%	–
AKTX	Buy	AKARI THERAPEUTICS PLC	$929,000	+235.4%	151,334	+152.2%	0.12%	+224.3%
STOR	New	STORE CAPITAL CORPORATIONreit	$913,000	–	36,700	–	0.12%	–
OCRX	Buy	OCERA THERAPEUTICS INC	$771,000	+76.4%	676,596	+79.7%	0.10%	+69.5%
ADMS	New	ADAMAS PHARMACEUTICALS INC	$635,000	–	30,000	–	0.08%	–
AKAOQ	New	ACHAOGEN INC	$479,000	–	30,000	–	0.06%	–
KORS	New	MICHAEL KORS HOLDINGS LTD	$252,000	–	5,260	–	0.03%	–
URI	New	UNITED RENTALS INC	$218,000	–	1,570	–	0.03%	–
SNI	New	SCRIPPS NETWORKS INTERACTIVE INC	$216,000	–	2,510	–	0.03%	–
AAPL	New	APPLE INC	$208,000	–	1,350	–	0.03%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-3,080	–	-0.03%	–
NTES	Exit	NETEASE INC	$0	–	-700	–	-0.03%	–
AOBC	Exit	AMERICAN OUTDOOR BRANDS CORPORATION	$0	–	-9,480	–	-0.03%	–
LB	Exit	L BRANDS INC	$0	–	-4,070	–	-0.03%	–
TUP	Exit	TUPPERWARE BRANDS CORPORATION	$0	–	-3,130	–	-0.03%	–
USNA	Exit	USANA HEALTH SCIENCES INC	$0	–	-3,440	–	-0.03%	–
MRTX	Exit	MIRATI THERAPEUTICS INC	$0	–	-100,000	–	-0.05%	–
EIGR	Exit	EIGER BIOPHARMACEUTICALS INC	$0	–	-60,992	–	-0.06%	–
ANIP	Exit	ANI PHARMACEUTICALS INC	$0	–	-12,130	–	-0.08%	–
ALXN	Exit	ALEXION PHARMACEUTICALS INC	$0	–	-5,000	–	-0.08%	–
AIMT	Exit	AIMMUNE THERAPEUTICS INC	$0	–	-30,000	–	-0.08%	–
ACOR	Exit	ACORDA THERAPEUTICS INC	$0	–	-35,663	–	-0.10%	–
OPK	Exit	OPKO HEALTH INC	$0	–	-139,405	–	-0.12%	–

Q2 2017

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INCcl a	$178,035,000	–	699	–	24.01%	–
WFC	New	WELLS FARGO & CO	$85,576,000	–	1,544,420	–	11.54%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES CORP	$46,180,000	–	300,200	–	6.23%	–
MMM	New	3M CO	$23,192,000	–	111,400	–	3.13%	–
JNJ	New	JOHNSON & JOHNSON	$22,741,000	–	171,900	–	3.07%	–
PX	New	PRAXAIR INC	$20,018,000	–	151,020	–	2.70%	–
UTX	New	UNITED TECHNOLOGIES CORP	$18,768,000	–	153,700	–	2.53%	–
DVA	New	DAVITA HEALTHCARE PARTNERS INC	$18,709,000	–	288,900	–	2.52%	–
DHR	New	DANAHER CORP	$18,211,000	–	215,800	–	2.46%	–
NVO	New	NOVO NORDISK A/Ssponsored adr	$18,177,000	–	423,800	–	2.45%	–
PSX	New	PHILLIPS 66	$17,836,000	–	215,700	–	2.40%	–
AGN	New	ALLERGAN PLCsponsored adr	$17,357,000	–	71,400	–	2.34%	–
ROP	New	ROPER TECHNOLOGIES INC	$16,346,000	–	70,600	–	2.20%	–
V	New	VISA INCcl a	$16,121,000	–	171,900	–	2.17%	–
WAB	New	WABTEC CORPORATION	$15,665,000	–	171,200	–	2.11%	–
BA	New	BOEING CO	$15,009,000	–	75,900	–	2.02%	–
POT	New	POTASH CORP SASK INC	$13,630,000	–	836,200	–	1.84%	–
SRCL	New	STERICYCLE,INC	$9,922,000	–	130,000	–	1.34%	–
NOV	New	NATIONAL OILWELL VARCO INC	$9,665,000	–	293,400	–	1.30%	–
WAT	New	WATERS CORPORATION	$9,523,000	–	51,800	–	1.28%	–
GILD	New	GILEAD SCIENCES INC	$9,154,000	–	129,330	–	1.24%	–
FTV	New	FORTIVE CORP	$8,977,000	–	141,700	–	1.21%	–
SNY	New	SANOFI-AVENTIS SAsponsored adr	$8,207,000	–	171,300	–	1.11%	–
CELG	New	CELGENE CORP	$7,455,000	–	57,400	–	1.00%	–
AMGN	New	AMGEN INC.	$7,354,000	–	42,700	–	0.99%	–
ISRG	New	INTUITIVE SURGICAL INC	$7,268,000	–	7,770	–	0.98%	–
XOM	New	EXXON MOBIL CORPORATION	$6,579,000	–	81,493	–	0.89%	–
BIIB	New	BIOGEN INC	$6,165,000	–	22,720	–	0.83%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING INC	$6,148,000	–	567,700	–	0.83%	–
USB	New	US BANCORP	$5,862,000	–	112,900	–	0.79%	–
RHHBY	New	ROCHE HOLDING AGsponsored adr	$5,438,000	–	171,000	–	0.73%	–
CSCO	New	CISCO SYSTEMS INC	$5,130,000	–	163,890	–	0.69%	–
ESRX	New	EXPRESS SCRIPTS HOLDING INC	$4,894,000	–	76,660	–	0.66%	–
MDT	New	MEDTRONIC INC	$4,500,000	–	50,700	–	0.61%	–
BDX	New	BECTON DICKINSON & CO	$4,449,000	–	22,800	–	0.60%	–
CBI	New	CHICAGO BRIDGE & IRON COMPANYn y registry sh	$4,380,000	–	222,000	–	0.59%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,828,000	–	68,700	–	0.52%	–
NSRGY	New	NESTLE SAsponsored adr	$3,610,000	–	41,400	–	0.49%	–
GOOG	New	ALPHABET INC - CL Ccl c	$3,544,000	–	3,900	–	0.48%	–
VOO	New	VANGUARD S&P 500 ETFetf	$2,998,000	–	13,500	–	0.40%	–
SGYPQ	New	SYNERGY PHARMACEUTICALS INC	$2,225,000	–	500,000	–	0.30%	–
KO	New	COCA COLA CO	$2,063,000	–	46,000	–	0.28%	–
BDSI	New	BIODELIVERY SCIENCES INTERNATIONAL INC	$1,684,000	–	601,285	–	0.23%	–
ACAD	New	ACADIA PHARMACEUTICALS INC	$1,673,000	–	60,000	–	0.23%	–
KHC	New	THE KRAFT HEINZ COMPANY	$1,655,000	–	19,320	–	0.22%	–
MCD	New	MCDONADLD'S CORP	$1,541,000	–	10,060	–	0.21%	–
UTHR	New	UNITED THERAPEUTICS CORPORATION	$1,491,000	–	11,490	–	0.20%	–
AXP	New	AMERICAN EXPRESS CO	$1,483,000	–	17,600	–	0.20%	–
JKHY	New	JACK HENRY & ASSOCIATES INC	$1,423,000	–	13,700	–	0.19%	–
AMAG	New	AMAG PHARMACEUTICALS INC	$1,288,000	–	70,000	–	0.17%	–
MA	New	MASTERCARD INCcl a	$1,215,000	–	10,000	–	0.16%	–
BUD	New	ANHEUSER-BUSCH INBEV NVsponsored adr	$1,115,000	–	10,100	–	0.15%	–
ASHR	New	DEUTSCHE X - TRACKERS HARVEST CSI 300 CHINA A - SHARES FUNDetf	$968,000	–	35,500	–	0.13%	–
OPK	New	OPKO HEALTH INC	$917,000	–	139,405	–	0.12%	–
DNOW	New	NOW INC	$895,000	–	55,675	–	0.12%	–
DVAX	New	DYNAVAX TECHNOLOGIES CORPORATION	$808,000	–	83,755	–	0.11%	–
ACOR	New	ACORDA THERAPEUTICS INC	$703,000	–	35,663	–	0.10%	–
BIVV	New	BIOVERATIV INC	$662,000	–	11,000	–	0.09%	–
AIMT	New	AIMMUNE THERAPEUTICS INC	$617,000	–	30,000	–	0.08%	–
ALXN	New	ALEXION PHARMACEUTICALS INC	$608,000	–	5,000	–	0.08%	–
TGTX	New	TG THERAPEUTICS INC	$603,000	–	60,000	–	0.08%	–
ANIP	New	ANI PHARMACEUTICALS INC	$568,000	–	12,130	–	0.08%	–
SYNT	New	SYNTEL INC	$530,000	–	31,270	–	0.07%	–
ALDX	New	ALDEYRA THERAPEUTICS INC	$507,000	–	107,858	–	0.07%	–
EIGR	New	EIGER BIOPHARMACEUTICALS INC	$482,000	–	60,992	–	0.06%	–
VWO	New	VANGUARD FTSE EMERGING MARKETS ETFetf	$449,000	–	11,000	–	0.06%	–
L	New	LOEWS CORPORATION	$454,000	–	9,700	–	0.06%	–
OCRX	New	OCERA THERAPEUTICS INC	$437,000	–	376,596	–	0.06%	–
MRTX	New	MIRATI THERAPEUTICS INC	$365,000	–	100,000	–	0.05%	–
ECL	New	ECOLAB INC	$279,000	–	2,100	–	0.04%	–
CYOU	New	CHANGYOU.COM LTD	$284,000	–	7,340	–	0.04%	–
AKTX	New	AKARI THERAPEUTICS PLC	$277,000	–	60,012	–	0.04%	–
BBY	New	BEST BUY CO INC	$233,000	–	4,060	–	0.03%	–
TPX	New	TEMPUR SEALY INTERNATIONAL INC	$232,000	–	4,350	–	0.03%	–
TUP	New	TUPPERWARE BRANDS CORPORATION	$220,000	–	3,130	–	0.03%	–
LB	New	L BRANDS INC	$219,000	–	4,070	–	0.03%	–
USNA	New	USANA HEALTH SCIENCES INC	$221,000	–	3,440	–	0.03%	–
CSGS	New	CSG SYSTEMS INTERNATIONAL INC	$217,000	–	5,350	–	0.03%	–
CI	New	CIGNA CORPORATION	$216,000	–	1,290	–	0.03%	–
NVR	New	NVR INC	$217,000	–	90	–	0.03%	–
NTES	New	NETEASE INC	$210,000	–	700	–	0.03%	–
UBNT	New	UBIQUITI NETWORKS INC	$205,000	–	3,950	–	0.03%	–
SIMO	New	SILICON MOTION TECHNOLOGY CORPORATION	$204,000	–	4,230	–	0.03%	–
SHOO	New	STEVEN MADDEN LTD	$211,000	–	5,290	–	0.03%	–
AOBC	New	AMERICAN OUTDOOR BRANDS CORPORATION	$210,000	–	9,480	–	0.03%	–
RTN	New	RAYTHEON COMPANY	$208,000	–	1,290	–	0.03%	–
VRSN	New	VERISIGN INC	$207,000	–	2,230	–	0.03%	–
RHI	New	ROBERT HALF INTERNATIONAL INC	$204,000	–	4,260	–	0.03%	–
CA	New	CA, INC.	$211,000	–	6,130	–	0.03%	–
WNC	New	WABASH NATIONAL CORPORATION	$209,000	–	9,510	–	0.03%	–
BIDU	New	BAIDU INC	$200,000	–	1,120	–	0.03%	–
RAI	New	REYNOLDS AMERICAN INC	$200,000	–	3,080	–	0.03%	–
TOUR	New	TUNIU CORPORATION	$189,000	–	23,520	–	0.02%	–
VIPS	New	VIPSHOP HOLDINGS LTD	$152,000	–	14,450	–	0.02%	–

Q4 2016

			Value		Shares		↓ Weighting
NADL	Exit	NORTH ATLANTIC DRILLING LTD	$0	–	-11,100	–	-0.00%	–
SDRL	Exit	SEADRILL LTD	$0	–	-33,200	–	-0.01%	–
CF	Exit	CF INDS HLDGS INC	$0	–	-7,900	–	-0.02%	–
MOS	Exit	MOSAIC CO	$0	–	-11,500	–	-0.03%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING INC	$0	–	-6,000	–	-0.05%	–
	Exit	BAKER HUGHES INC	$0	–	-9,300	–	-0.06%	–
VRSN	Exit	VERISIGN INC.	$0	–	-6,300	–	-0.06%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-11,200	–	-0.06%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-5,300	–	-0.06%	–
HOLX	Exit	HOLOGIC INC	$0	–	-13,600	–	-0.06%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-3,800	–	-0.07%	–
LLY	Exit	ELI LILLY & CO	$0	–	-8,500	–	-0.08%	–
RIG	Exit	TRANSOCEAN LTD	$0	–	-67,300	–	-0.08%	–
	Exit	AIR PRODS & CHEMS INC	$0	–	-5,500	–	-0.10%	–
VRX	Exit	VALEANT PHAMACEUTICALS INTL	$0	–	-36,300	–	-0.11%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-7,000	–	-0.11%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-14,800	–	-0.11%	–
AKAM	Exit	AKAMAI TECHNOLOGIES	$0	–	-19,000	–	-0.12%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-0.12%	–
TDG	Exit	TRANSDIGM GROUP INC	$0	–	-3,700	–	-0.13%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-17,600	–	-0.13%	–
IDXX	Exit	IDEXX LABORATORIES	$0	–	-10,000	–	-0.13%	–
SU	Exit	SUNCOR ENERGY INC	$0	–	-41,600	–	-0.14%	–
DNOW	Exit	NOW INC	$0	–	-55,675	–	-0.14%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-29,200	–	-0.15%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-8,700	–	-0.16%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-17,700	–	-0.19%	–
GOOGL	Exit	ALPHABET INCcl a	$0	–	-2,070	–	-0.20%	–
AAPL	Exit	APPLE INC	$0	–	-15,000	–	-0.20%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING INC	$0	–	-109,900	–	-0.23%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-27,000	–	-0.23%	–
BUD	Exit	Anheuser-Busch InBevsponsored adr	$0	–	-15,000	–	-0.23%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-39,600	–	-0.25%	–
KMI	Exit	KINDER MORGAM INC DEL	$0	–	-98,800	–	-0.27%	–
ECL	Exit	ECOLAB INC	$0	–	-23,400	–	-0.34%	–
UTHR	Exit	UNITED THERAPEUTICS CORP	$0	–	-24,100	–	-0.34%	–
CERN	Exit	CERNER CORP	$0	–	-46,600	–	-0.34%	–
MCD	Exit	MCDONALDS CORP	$0	–	-25,150	–	-0.34%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-50,790	–	-0.35%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-69,200	–	-0.35%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-33,400	–	-0.39%	–
MON	Exit	MONSANTO CO	$0	–	-37,500	–	-0.46%	–
KHC	Exit	KRAFT HEINZ COMPANY	$0	–	-48,300	–	-0.51%	–
USB	Exit	US BANCORP	$0	–	-112,900	–	-0.58%	–
ABBV	Exit	ABBVIE INC	$0	–	-84,300	–	-0.63%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-102,500	–	-0.63%	–
FTV	Exit	FORTIVE CORP	$0	–	-105,200	–	-0.64%	–
NSRGY	Exit	NESTLEsponsored adr	$0	–	-70,500	–	-0.66%	–
ROP	Exit	ROPER TECHNOGIES INC	$0	–	-31,700	–	-0.69%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N Vn y registry sh	$0	–	-221,600	–	-0.74%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-84,400	–	-0.79%	–
RHHBY	Exit	ROCHE HOLDING A Gsponsored adr	$0	–	-234,500	–	-0.86%	–
VAR	Exit	VARIAN MED SYS INC.	$0	–	-75,000	–	-0.89%	–
CELG	Exit	CELGENE CORP	$0	–	-76,400	–	-0.95%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-214,100	–	-0.97%	–
MDT	Exit	MEDTRONIC INC	$0	–	-97,300	–	-1.00%	–
DE	Exit	DEERE & COMPANY	$0	–	-101,900	–	-1.03%	–
SRCL	Exit	STERICYCLE INC	$0	–	-120,700	–	-1.15%	–
	Exit	AMGEN INC	$0	–	-58,800	–	-1.16%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-55,600	–	-1.19%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-382,900	–	-1.35%	–
BA	Exit	Boeing CO	$0	–	-86,800	–	-1.36%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-113,200	–	-1.37%	–
AGN	Exit	ALLERGAN PLCsponsored adr	$0	–	-55,800	–	-1.53%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-18,220	–	-1.57%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-825,124	–	-1.60%	–
V	Exit	VISA INCcl a	$0	–	-171,900	–	-1.69%	–
BIIB	Exit	BIOGEN INC	$0	–	-45,800	–	-1.70%	–
DHR	Exit	DANAHER CORP	$0	–	-210,400	–	-1.96%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-547,100	–	-2.06%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-200,383	–	-2.08%	–
KO	Exit	COCA COLA CO	$0	–	-439,100	–	-2.21%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS INC	$0	–	-288,900	–	-2.27%	–
MMM	Exit	3M CO	$0	–	-111,400	–	-2.33%	–
NVO	Exit	NOVO-NORDISK A Ssponsored adr	$0	–	-484,300	–	-2.39%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-171,900	–	-2.41%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-559,000	–	-2.44%	–
PSX	Exit	PHILLIPS 66	$0	–	-286,100	–	-2.74%	–
PX	Exit	PRAXAIR INC	$0	–	-195,400	–	-2.81%	–
GOOG	Exit	ALPHABET INCcl c	$0	–	-34,704	–	-3.20%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-477,400	–	-9.01%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-1,874,400	–	-9.86%	–
BRKA	Exit	BERKSHIRE HATHAWAY INCcl a	$0	–	-699	–	-17.96%	–

Q3 2016

			Value		Shares		↓ Weighting
WFC	Buy	WELLS FARGO & CO	$82,998,000	+1.4%	1,874,400	+8.4%	9.86%	+4.5%
NVO	Buy	NOVO-NORDISK A Ssponsored adr	$20,142,000	-15.3%	484,300	+9.6%	2.39%	-12.7%
DVA	Buy	DAVITA HEALTHCARE PARTNERS INC	$19,088,000	-9.7%	288,900	+5.6%	2.27%	-7.0%
KO	Sell	COCA COLA CO	$18,583,000	-43.9%	439,100	-39.9%	2.21%	-42.2%
BIIB	Buy	BIOGEN INC	$14,337,000	+35.4%	45,800	+4.6%	1.70%	+39.6%
UTX	Buy	UNITED TECHNOLOGIES CORP	$11,501,000	+8.6%	113,200	+9.6%	1.37%	+12.0%
BA	Buy	Boeing CO	$11,435,000	+11.6%	86,800	+10.0%	1.36%	+15.1%
GE	Sell	GENERAL ELECTRIC CO	$11,341,000	-19.5%	382,900	-14.5%	1.35%	-17.0%
DE	Sell	DEERE & COMPANY	$8,697,000	-22.3%	101,900	-26.2%	1.03%	-19.9%
CELG	Buy	CELGENE CORP	$7,985,000	+13.2%	76,400	+6.9%	0.95%	+16.7%
RHHBY	Buy	ROCHE HOLDING A Gsponsored adr	$7,262,000	+16.4%	234,500	+23.8%	0.86%	+19.9%
NSRGY	Sell	NESTLEsponsored adr	$5,571,000	-46.5%	70,500	-47.7%	0.66%	-44.9%
FTV	New	FORTIVE CORP	$5,355,000	–	105,200	–	0.64%	–
ZTS	Sell	ZOETIS INCcl a	$5,331,000	-38.8%	102,500	-44.1%	0.63%	-37.0%
UNP	Sell	UNION PACIFIC CORP	$3,258,000	-58.6%	33,400	-63.0%	0.39%	-57.4%
MSFT	Sell	MICROSOFT CORP	$2,925,000	-37.6%	50,790	-44.5%	0.35%	-35.6%
UTHR	New	UNITED THERAPEUTICS CORP	$2,846,000	–	24,100	–	0.34%	–
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$2,135,000	+31.4%	39,600	+79.2%	0.25%	+35.8%
BUD	Sell	Anheuser-Busch InBevsponsored adr	$1,971,000	-78.9%	15,000	-78.8%	0.23%	-78.3%
WMT	Sell	WAL-MART STORES INC	$1,947,000	-59.9%	27,000	-59.4%	0.23%	-58.8%
IDXX	Sell	IDEXX LABORATORIES	$1,127,000	-35.9%	10,000	-47.1%	0.13%	-34.0%
TDG	Buy	TRANSDIGM GROUP INC	$1,070,000	+50.3%	3,700	+37.0%	0.13%	+54.9%
AKAM	New	AKAMAI TECHNOLOGIES	$1,007,000	–	19,000	–	0.12%	–
VRSN	New	VERISIGN INC.	$493,000	–	6,300	–	0.06%	–
DIS	Exit	THE WALT DISNEY CO	$0	–	-7,100	–	-0.08%	–

Q2 2016

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INCcl a	$151,666,000	–	699	–	17.49%	–
WFC	New	WELLS FARGO & CO	$81,838,000	–	1,729,100	–	9.44%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$72,460,000	–	477,400	–	8.35%	–
KO	New	COCA COLA CO	$33,141,000	–	731,100	–	3.82%	–
GOOG	New	ALPHABET INCcl c	$24,019,000	–	34,704	–	2.77%	–
NVO	New	NOVO-NORDISK A Ssponsored adr	$23,771,000	–	442,000	–	2.74%	–
PSX	New	PHILLIPS 66	$22,699,000	–	286,100	–	2.62%	–
PX	New	PRAXAIR INC	$21,961,000	–	195,400	–	2.53%	–
DHR	New	DANAHER CORP	$21,250,000	–	210,400	–	2.45%	–
DVA	New	DAVITA HEALTHCARE PARTNERS INC	$21,147,000	–	273,500	–	2.44%	–
JNJ	New	JOHNSON & JOHNSON	$20,851,000	–	171,900	–	2.40%	–
MMM	New	3M CO	$19,508,000	–	111,400	–	2.25%	–
NOV	New	NATIONAL OILWELL VARCO INC	$18,810,000	–	559,000	–	2.17%	–
XOM	New	EXXON MOBIL CORPORATION	$18,784,000	–	200,383	–	2.17%	–
CSCO	New	CISCO SYSTEMS INC	$15,696,000	–	547,100	–	1.81%	–
GE	New	GENERAL ELECTRIC CO	$14,095,000	–	447,740	–	1.62%	–
POT	New	POTASH CORP SASK INC	$13,400,000	–	825,124	–	1.54%	–
AGN	New	ALLERGAN PLCsponsored adr	$12,895,000	–	55,800	–	1.49%	–
V	New	VISA INCcl a	$12,750,000	–	171,900	–	1.47%	–
SRCL	New	STERICYCLE INC	$12,567,000	–	120,700	–	1.45%	–
ISRG	New	INTUITIVE SURGICAL INC	$12,051,000	–	18,220	–	1.39%	–
DE	New	DEERE & COMPANY	$11,192,000	–	138,100	–	1.29%	–
UTX	New	UNITED TECHNOLOGIES CORP	$10,593,000	–	103,300	–	1.22%	–
BIIB	New	BIOGEN INC	$10,592,000	–	43,800	–	1.22%	–
NSRGY	New	NESTLEsponsored adr	$10,421,000	–	134,800	–	1.20%	–
BA	New	Boeing CO	$10,247,000	–	78,900	–	1.18%	–
BDX	New	BECTON DICKINSON & CO	$9,429,000	–	55,600	–	1.09%	–
BUD	New	Anheuser-Busch InBevsponsored adr	$9,336,000	–	70,900	–	1.08%	–
SNY	New	SANOFIsponsored adr	$8,960,000	–	214,100	–	1.03%	–
	New	AMGEN INC	$8,946,000	–	58,800	–	1.03%	–
ZTS	New	ZOETIS INCcl a	$8,704,000	–	183,400	–	1.00%	–
MDT	New	MEDTRONIC INC	$8,443,000	–	97,300	–	0.97%	–
UNP	New	UNION PACIFIC CORP	$7,879,000	–	90,300	–	0.91%	–
CBI	New	CHICAGO BRIDGE & IRON CO N Vn y registry sh	$7,674,000	–	221,600	–	0.88%	–
CELG	New	CELGENE CORP	$7,052,000	–	71,500	–	0.81%	–
GILD	New	GILEAD SCIENCES INC	$7,041,000	–	84,400	–	0.81%	–
RHHBY	New	ROCHE HOLDING A Gsponsored adr	$6,241,000	–	189,400	–	0.72%	–
VAR	New	VARIAN MED SYS INC.	$6,167,000	–	75,000	–	0.71%	–
ROP	New	ROPER TECHNOGIES INC	$5,407,000	–	31,700	–	0.62%	–
ABBV	New	ABBVIE INC	$5,219,000	–	84,300	–	0.60%	–
WMT	New	WAL-MART STORES INC	$4,856,000	–	66,500	–	0.56%	–
MSFT	New	MICROSOFT CORP	$4,686,000	–	91,580	–	0.54%	–
USB	New	US BANCORP	$4,553,000	–	112,900	–	0.52%	–
KHC	New	KRAFT HEINZ COMPANY	$4,272,000	–	48,300	–	0.49%	–
MON	New	MONSANTO CO	$3,878,000	–	37,500	–	0.45%	–
MCD	New	MCDONALDS CORP	$3,027,000	–	25,150	–	0.35%	–
ECL	New	ECOLAB INC	$2,775,000	–	23,400	–	0.32%	–
CERN	New	CERNER CORP	$2,731,000	–	46,600	–	0.32%	–
ABT	New	ABBOTT LABORATORIES	$2,720,000	–	69,200	–	0.31%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING INC	$2,674,000	–	109,900	–	0.31%	–
KMI	New	KINDER MORGAM INC DEL	$1,850,000	–	98,800	–	0.21%	–
IDXX	New	IDEXX LABORATORIES	$1,757,000	–	18,920	–	0.20%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,625,000	–	22,100	–	0.19%	–
PG	New	PROCTER & GAMBLE CO	$1,499,000	–	17,700	–	0.17%	–
GOOGL	New	ALPHABET INCcl a	$1,456,000	–	2,070	–	0.17%	–
AAPL	New	APPLE INC	$1,434,000	–	15,000	–	0.16%	–
MDLZ	New	MONDELEZ INTL INCcl a	$1,329,000	–	29,200	–	0.15%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,286,000	–	8,700	–	0.15%	–
SU	New	SUNCOR ENERGY INC	$1,154,000	–	41,600	–	0.13%	–
AXP	New	AMERICAN EXPRESS CO	$1,069,000	–	17,600	–	0.12%	–
MO	New	ALTRIA GROUP INC	$1,021,000	–	14,800	–	0.12%	–
DNOW	New	NOW INC	$1,010,000	–	55,675	–	0.12%	–
MA	New	MASTERCARD INCcl a	$881,000	–	10,000	–	0.10%	–
RIG	New	TRANSCOCEAN LTD	$800,000	–	67,300	–	0.09%	–
FB	New	FACEBOOK INCcl a	$800,000	–	7,000	–	0.09%	–
	New	AIR PRODS & CHEMS INC	$781,000	–	5,500	–	0.09%	–
VRX	New	VALEANT PHAMACEUTICALS INTL	$731,000	–	36,300	–	0.08%	–
TDG	New	TRANSDIGM GROUP INC	$712,000	–	2,700	–	0.08%	–
DIS	New	THE WALT DISNEY CO	$695,000	–	7,100	–	0.08%	–
LLY	New	ELI LILLY & CO	$669,000	–	8,500	–	0.08%	–
HSIC	New	HENRY SCHEIN INC	$672,000	–	3,800	–	0.08%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$539,000	–	5,300	–	0.06%	–
HOLX	New	HOLOGIC INC	$471,000	–	13,600	–	0.05%	–
QSR	New	RESTAURANT BRANDS INTL INC	$466,000	–	11,200	–	0.05%	–
ESRX	New	EXPRESS SCRIPTS HOLDING INC	$455,000	–	6,000	–	0.05%	–
	New	BAKER HUGHES INC	$420,000	–	9,300	–	0.05%	–
MOS	New	MOSAIC CO	$301,000	–	11,500	–	0.04%	–
CF	New	CF INDS HLDGS INC	$190,000	–	7,900	–	0.02%	–
SDRL	New	SEADRILL LTD	$108,000	–	33,200	–	0.01%	–
NADL	New	NORTH ATLANTIC DRILLING LTD	$75,000	–	11,100	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
GMCR	Exit	KEURIG GREEN MTN INC	$0	–	-700	–	-0.01%	–
QLYS	Exit	QUALYS INC	$0	–	-1,607	–	-0.01%	–
NADL	Exit	NORTH ATLANTIC DRILLING LTD	$0	–	-111,100	–	-0.01%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-2,000	–	-0.02%	–
SDRL	Exit	SEADRILL LTD	$0	–	-33,200	–	-0.03%	–
CERN	Exit	CERNER CORP	$0	–	-6,500	–	-0.06%	–
CAH	Exit	CARDINAL HEALTH	$0	–	-5,320	–	-0.07%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-5,300	–	-0.07%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-4,750	–	-0.07%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING INC	$0	–	-6,000	–	-0.08%	–
IDXX	Exit	IDEXX LABORATORIES	$0	–	-6,820	–	-0.08%	–
MKC	Exit	McCORMICK & CO INC	$0	–	-7,200	–	-0.10%	–
GLRE	Exit	GREENLIGHT CAPITAL RE LTD	$0	–	-27,200	–	-0.10%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-7,000	–	-0.10%	–
BCR	Exit	BARD C R INC	$0	–	-3,420	–	-0.11%	–
COST	Exit	COSTCO WHSL CORP	$0	–	-4,800	–	-0.12%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-5,500	–	-0.12%	–
VRX	Exit	VALEANT PHAMACEUTICALS INTL	$0	–	-4,500	–	-0.13%	–
DNOW	Exit	NOW INC	$0	–	-55,675	–	-0.14%	–
RIG	Exit	TRANSCOCEAN LTD	$0	–	-67,300	–	-0.14%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-0.15%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-4,000	–	-0.15%	–
ANSS	Exit	ANSYS INC	$0	–	-12,200	–	-0.18%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-29,200	–	-0.20%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-17,700	–	-0.21%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-2,070	–	-0.22%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING INC	$0	–	-81,800	–	-0.24%	–
AAPL	Exit	APPLE INC	$0	–	-15,000	–	-0.28%	–
ECL	Exit	ECOLAB INC	$0	–	-15,600	–	-0.28%	–
SU	Exit	SUNCOR ENERGY INC	$0	–	-69,800	–	-0.31%	–
QCOM	Exit	QUALCOMM INC	$0	–	-42,900	–	-0.38%	–
MCD	Exit	MCDONALDS CORP	$0	–	-25,150	–	-0.41%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-69,500	–	-0.44%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-69,200	–	-0.46%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-32,300	–	-0.48%	–
SRCL	Exit	STERICYCLE INC	$0	–	-21,300	–	-0.49%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-30,700	–	-0.50%	–
ABBV	Exit	ABBVIE INC	$0	–	-65,000	–	-0.59%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-44,600	–	-0.66%	–
MON	Exit	MONSANTO CO	$0	–	-54,600	–	-0.78%	–
KHC	Exit	KRAFT HEINZ COMPANY	$0	–	-70,300	–	-0.83%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-76,600	–	-0.83%	–
SBMRY	Exit	SABMILLER PLCsponsored adr	$0	–	-88,100	–	-0.84%	–
DE	Exit	DEERE & COMPANY	$0	–	-69,200	–	-0.85%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-71,400	–	-0.88%	–
NSRGY	Exit	NESTLEsponsored adr	$0	–	-73,400	–	-0.92%	–
MDT	Exit	MEDTRONIC INC	$0	–	-103,100	–	-1.15%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-183,400	–	-1.26%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-58,700	–	-1.30%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-299,800	–	-1.31%	–
VAR	Exit	VARIAN MED SYS INC.	$0	–	-109,100	–	-1.34%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-18,220	–	-1.39%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N Vn y registry sh	$0	–	-221,600	–	-1.46%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-201,900	–	-1.49%	–
PSX	Exit	PHILLIPS 66	$0	–	-134,700	–	-1.72%	–
V	Exit	VISA INCcl a	$0	–	-171,900	–	-1.99%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-310,100	–	-2.45%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-163,600	–	-2.54%	–
BUD	Exit	Anheuser-Busch InBevsponsored adr	$0	–	-171,200	–	-3.03%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS INC	$0	–	-273,500	–	-3.29%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-793,600	–	-3.33%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-34,704	–	-3.52%	–
NVO	Exit	NOVO-NORDISK A Ssponsored adr	$0	–	-442,000	–	-3.99%	–
KO	Exit	COCA COLA CO	$0	–	-962,500	–	-6.43%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-327,100	–	-7.90%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-1,795,600	–	-15.35%	–
BRKA	Exit	BERKSHIRE HATHAWAY INCcl a	$0	–	-603	–	-19.60%	–

Q3 2015

			Value		Shares		↓ Weighting
BRKA	Buy	BERKSHIRE HATHAWAY INCcl a	$117,730,000	-4.4%	603	+0.3%	19.60%	+6.8%
WFC	Sell	WELLS FARGO & CO	$92,204,000	-22.8%	1,795,600	-15.5%	15.35%	-13.8%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$47,420,000	-5.0%	327,100	+6.6%	7.90%	+6.1%
NVO	Sell	NOVO-NORDISK A Ssponsored adr	$23,974,000	-13.4%	442,000	-12.6%	3.99%	-3.3%
GOOG	Sell	GOOGLE INCcl c	$21,115,000	-10.5%	34,704	-23.4%	3.52%	0.0%
GE	Buy	GENERAL ELECTRIC CO	$20,015,000	+0.4%	793,600	+5.8%	3.33%	+12.2%
DVA	Sell	DAVITA HEALTHCARE PARTNERS INC	$19,782,000	-17.0%	273,500	-8.8%	3.29%	-7.2%
BUD	New	Anheuser-Busch InBevsponsored adr	$18,202,000	–	171,200	–	3.03%	–
JNJ	Sell	JOHNSON & JOHNSON	$15,272,000	-9.0%	163,600	-5.0%	2.54%	+1.7%
SNY	Sell	SANOFIsponsored adr	$14,720,000	-9.0%	310,100	-5.0%	2.45%	+1.7%
PSX	Buy	PHILLIPS 66	$10,350,000	+151.9%	134,700	+164.1%	1.72%	+181.5%
CBI	Sell	CHICAGO BRIDGE & IRON CO N Vn y registry sh	$8,789,000	-43.2%	221,600	-28.3%	1.46%	-36.6%
ISRG	Sell	INTUITIVE SURGICAL INC	$8,374,000	-27.1%	18,220	-23.2%	1.39%	-18.6%
VAR	Sell	VARIAN MED SYS INC.	$8,049,000	-16.9%	109,100	-5.0%	1.34%	-7.1%
BDX	Sell	BECTON DICKINSON & CO	$7,787,000	-47.9%	58,700	-44.4%	1.30%	-41.9%
ZTS	Buy	ZOETIS INCcl a	$7,552,000	+222.9%	183,400	+278.1%	1.26%	+260.2%
MDT	Sell	MEDTRONIC INC	$6,902,000	-51.9%	103,100	-46.7%	1.15%	-46.3%
NSRGY	Buy	NESTLEsponsored adr	$5,523,000	+537.8%	73,400	+511.7%	0.92%	+613.2%
XOM	Sell	EXXON MOBIL CORPORATION	$5,309,000	-30.7%	71,400	-22.5%	0.88%	-22.6%
DE	Sell	DEERE & COMPANY	$5,121,000	-66.9%	69,200	-56.6%	0.85%	-63.0%
SBMRY	New	SABMILLER PLCsponsored adr	$5,045,000	–	88,100	–	0.84%	–
KHC	New	KRAFT HEINZ COMPANY	$4,962,000	–	70,300	–	0.83%	–
MON	Sell	MONSANTO CO	$4,660,000	-58.1%	54,600	-47.7%	0.78%	-53.2%
ABBV	Sell	ABBVIE INC	$3,537,000	-23.2%	65,000	-5.1%	0.59%	-14.1%
GILD	Buy	GILEAD SCIENCES INC	$3,014,000	+1.8%	30,700	+21.3%	0.50%	+13.8%
SRCL	Buy	STERICYCLE INC	$2,967,000	+21.1%	21,300	+16.4%	0.49%	+35.3%
UNP	New	UNION PACIFIC CORP	$2,856,000	–	32,300	–	0.48%	–
ABT	Sell	ABBOTT LABORATORIES	$2,783,000	-22.2%	69,200	-5.1%	0.46%	-13.1%
NOV	Sell	NATIONAL OILWELL VARCO INC	$2,617,000	-46.3%	69,500	-31.1%	0.44%	-39.9%
QCOM	Sell	QUALCOMM INC	$2,305,000	-69.3%	42,900	-64.2%	0.38%	-65.7%
SU	Sell	SUNCOR ENERGY INC	$1,865,000	-16.6%	69,800	-14.0%	0.31%	-6.6%
DOFSQ	Sell	DIAMOND OFFSHORE DRILLING INC	$1,415,000	-39.7%	81,800	-10.0%	0.24%	-32.6%
GOOGL	Sell	GOOGLE INCcl a	$1,321,000	-76.7%	2,070	-80.3%	0.22%	-74.0%
RIG	Sell	TRANSCOCEAN LTD	$870,000	-27.9%	67,300	-10.0%	0.14%	-19.4%
DNOW	Sell	NOW INC	$824,000	-33.1%	55,675	-10.0%	0.14%	-25.5%
VRX	Sell	VALEANT PHAMACEUTICALS INTL	$803,000	-23.1%	4,500	-4.3%	0.13%	-14.1%
BCR	Sell	BARD C R INC	$637,000	+3.6%	3,420	-5.0%	0.11%	+15.2%
IDXX	Buy	IDEXX LABORATORIES	$506,000	+125.9%	6,820	+94.9%	0.08%	+154.5%
ESRX	Sell	EXPRESS SCRIPTS HOLDING INC	$486,000	-13.2%	6,000	-4.8%	0.08%	-2.4%
NVS	Sell	NOVARTIS A Gsponsored adr	$437,000	-11.2%	4,750	-5.0%	0.07%	0.0%
PM	New	PHILIP MORRIS INTERNATIONAL	$420,000	–	5,300	–	0.07%	–
CAH	Sell	CARDINAL HEALTH	$409,000	-12.6%	5,320	-5.0%	0.07%	-2.9%
CERN	New	CERNER CORP	$390,000	–	6,500	–	0.06%	–
SDRL	Sell	SEADRILL LTD	$196,000	-48.7%	33,200	-10.0%	0.03%	-42.1%
NADL	Sell	NORTH ATLANTIC DRILLING LTD	$86,000	-41.5%	111,100	-10.0%	0.01%	-36.4%
QLYS	New	QUALYS INC	$46,000	–	1,607	–	0.01%	–
MR	Exit	MINDRAY MEDICAL INTL LTDspon adr	$0	–	-20,600	–	-0.09%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-53,000	–	-0.13%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-22,000	–	-0.28%	–
A309PS	Exit	DIRECTV	$0	–	-22,000	–	-0.30%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-45,300	–	-0.46%	–

Q2 2015

			Value		Shares		↓ Weighting
BRKA	New	BERKSHIRE HATHAWAY INCcl a	$123,115,000	–	601	–	18.35%	–
WFC	New	WELLS FARGO & CO	$119,454,000	–	2,124,000	–	17.80%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$49,904,000	–	306,800	–	7.44%	–
KO	New	COCA COLA CO	$37,759,000	–	962,500	–	5.63%	–
NVO	New	NOVO-NORDISK A Ssponsored adr	$27,698,000	–	505,800	–	4.13%	–
DVA	New	DAVITA HEALTHCARE PARTNERS INC	$23,825,000	–	299,800	–	3.55%	–
GOOG	New	GOOGLE INCcl c	$23,590,000	–	45,320	–	3.52%	–
GE	New	GENERAL ELECTRIC CO	$19,930,000	–	750,100	–	2.97%	–
JNJ	New	JOHNSON & JOHNSON	$16,783,000	–	172,200	–	2.50%	–
SNY	New	SANOFIsponsored adr	$16,172,000	–	326,500	–	2.41%	–
DE	New	DEERE & COMPANY	$15,479,000	–	159,500	–	2.31%	–
CBI	New	CHICAGO BRIDGE & IRON CO N Vn y registry sh	$15,472,000	–	309,200	–	2.31%	–
BDX	New	BECTON DICKINSON & CO	$14,958,000	–	105,600	–	2.23%	–
MDT	New	MEDTRONIC INC	$14,346,000	–	193,600	–	2.14%	–
V	New	VISA INCcl a	$11,543,000	–	171,900	–	1.72%	–
ISRG	New	INTUITIVE SURGICAL INC	$11,487,000	–	23,710	–	1.71%	–
MON	New	MONSANTO CO	$11,117,000	–	104,300	–	1.66%	–
VAR	New	VARIAN MED SYS INC.	$9,681,000	–	114,800	–	1.44%	–
MSFT	New	MICROSOFT CORP	$8,914,000	–	201,900	–	1.33%	–
CSCO	New	CISCO SYSTEMS INC	$8,233,000	–	299,800	–	1.23%	–
XOM	New	EXXON MOBIL CORPORATION	$7,663,000	–	92,100	–	1.14%	–
QCOM	New	QUALCOMM INC	$7,503,000	–	119,800	–	1.12%	–
GOOGL	New	GOOGLE INCcl a	$5,681,000	–	10,520	–	0.85%	–
WMT	New	WAL-MART STORES INC	$5,433,000	–	76,600	–	0.81%	–
UTX	New	UNITED TECHNOLOGIES CORP	$4,947,000	–	44,600	–	0.74%	–
NOV	New	NATIONAL OILWELL VARCO INC	$4,871,000	–	100,900	–	0.73%	–
ABBV	New	ABBVIE INC	$4,603,000	–	68,500	–	0.69%	–
PSX	New	PHILLIPS 66	$4,109,000	–	51,000	–	0.61%	–
ABT	New	ABBOTT LABORATORIES	$3,578,000	–	72,900	–	0.53%	–
JPM	New	JPMORGAN CHASE & CO	$3,070,000	–	45,300	–	0.46%	–
GILD	New	GILEAD SCIENCES INC	$2,962,000	–	25,300	–	0.44%	–
SRCL	New	STERICYCLE INC	$2,451,000	–	18,300	–	0.36%	–
MCD	New	MCDONALDS CORP	$2,391,000	–	25,150	–	0.36%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING INC	$2,346,000	–	90,900	–	0.35%	–
ZTS	New	ZOETIS INCcl a	$2,339,000	–	48,500	–	0.35%	–
SU	New	SUNCOR ENERGY INC	$2,235,000	–	81,200	–	0.33%	–
A309PS	New	DIRECTV	$2,041,000	–	22,000	–	0.30%	–
AAPL	New	APPLE INC	$1,881,000	–	15,000	–	0.28%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,873,000	–	22,000	–	0.28%	–
ECL	New	ECOLAB INC	$1,764,000	–	15,600	–	0.26%	–
PG	New	PROCTER & GAMBLE CO	$1,385,000	–	17,700	–	0.21%	–
DNOW	New	NOW INC	$1,232,000	–	61,875	–	0.18%	–
RIG	New	TRANSCOCEAN LTD	$1,206,000	–	74,800	–	0.18%	–
MDLZ	New	MONDELEZ INTL INCcl a	$1,201,000	–	29,200	–	0.18%	–
ANSS	New	ANSYS INC	$1,113,000	–	12,200	–	0.17%	–
VRX	New	VALEANT PHAMACEUTICALS INTL	$1,044,000	–	4,700	–	0.16%	–
MA	New	MASTERCARD INCcl a	$935,000	–	10,000	–	0.14%	–
BAC	New	BANK OF AMERICA CORP	$902,000	–	53,000	–	0.13%	–
NSRGY	New	NESTLEsponsored adr	$866,000	–	12,000	–	0.13%	–
PCP	New	PRECISION CASTPARTS CORP	$799,000	–	4,000	–	0.12%	–
GLRE	New	GREENLIGHT CAPITAL RE LTD	$793,000	–	27,200	–	0.12%	–
APD	New	AIR PRODS & CHEMS INC	$753,000	–	5,500	–	0.11%	–
COST	New	COSTCO WHSL CORP	$648,000	–	4,800	–	0.10%	–
BCR	New	BARD C R INC	$615,000	–	3,600	–	0.09%	–
FB	New	FACEBOOK INCcl a	$600,000	–	7,000	–	0.09%	–
MKC	New	McCORMICK & CO INC	$583,000	–	7,200	–	0.09%	–
MR	New	MINDRAY MEDICAL INTL LTDspon adr	$587,000	–	20,600	–	0.09%	–
ESRX	New	EXPRESS SCRIPTS HOLDING INC	$560,000	–	6,300	–	0.08%	–
NVS	New	NOVARTIS A Gsponsored adr	$492,000	–	5,000	–	0.07%	–
CAH	New	CARDINAL HEALTH	$468,000	–	5,600	–	0.07%	–
SDRL	New	SEADRILL LTD	$382,000	–	36,900	–	0.06%	–
IDXX	New	IDEXX LABORATORIES	$224,000	–	3,500	–	0.03%	–
AXP	New	AMERICAN EXPRESS CO	$155,000	–	2,000	–	0.02%	–
NADL	New	NORTH ATLANTIC DRILLING LTD	$147,000	–	123,500	–	0.02%	–
GMCR	New	KEURIG GREEN MTN INC	$54,000	–	700	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
GMCR	Exit	KEURIG GREEN MTN INC	$0	–	-700	–	-0.01%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-2,000	–	-0.03%	–
IDXX	Exit	IDEXX LABORATORIES	$0	–	-3,500	–	-0.06%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING INC	$0	–	-6,300	–	-0.07%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-5,000	–	-0.07%	–
MKC	Exit	McCORMICK & CO INC	$0	–	-7,200	–	-0.07%	–
BCR	Exit	BARD C R INC	$0	–	-3,600	–	-0.08%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-7,000	–	-0.08%	–
COST	Exit	COSTCO WHSL CORP	$0	–	-4,800	–	-0.09%	–
VRX	Exit	VALEANT PHAMACEUTICALS INTL	$0	–	-4,700	–	-0.09%	–
MR	Exit	MINDRAY MEDICAL INTL LTDspon adr	$0	–	-20,600	–	-0.09%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-10,000	–	-0.11%	–
NSRGY	Exit	NESTLEsponsored adr	$0	–	-12,000	–	-0.13%	–
NADL	Exit	NORTH ATLANTIC DRILLING LTD	$0	–	-134,800	–	-0.13%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-29,200	–	-0.15%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-17,700	–	-0.22%	–
AAPL	Exit	APPLE INC	$0	–	-15,000	–	-0.22%	–
ECL	Exit	ECOLAB INC	$0	–	-15,600	–	-0.26%	–
COP	Exit	CONOCO PHILLIPS	$0	–	-24,000	–	-0.27%	–
DNOW	Exit	NOW INC	$0	–	-61,875	–	-0.28%	–
A309PS	Exit	DIRECTV	$0	–	-22,000	–	-0.28%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-48,900	–	-0.41%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-33,000	–	-0.52%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-100,300	–	-0.62%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-7,200	–	-0.63%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-87,000	–	-0.78%	–
ABBV	Exit	ABBVIE INC	$0	–	-100,300	–	-0.86%	–
CBI	Exit	CHICAGO BRIDGE & IRON CO N Vn y registry sh	$0	–	-108,800	–	-0.93%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-86,700	–	-0.98%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-299,800	–	-1.12%	–
QCOM	Exit	QUALCOMM INC	$0	–	-107,700	–	-1.19%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-211,900	–	-1.45%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-402,100	–	-1.52%	–
V	Exit	VISA INCcl a	$0	–	-52,200	–	-1.65%	–
VAR	Exit	VARIAN MED SYS INC.	$0	–	-142,100	–	-1.68%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-29,740	–	-2.03%	–
MON	Exit	MONSANTO CO	$0	–	-137,400	–	-2.29%	–
MDT	Exit	MEDTRONIC INC	$0	–	-258,600	–	-2.37%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-145,900	–	-2.46%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-316,100	–	-2.64%	–
DE	Exit	DEERE & COMPANY	$0	–	-227,200	–	-2.76%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-208,700	–	-2.90%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-200,500	–	-3.16%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-321,600	–	-3.62%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-45,320	–	-3.86%	–
NVO	Exit	NOVO-NORDISK A Ssponsored adr	$0	–	-556,000	–	-3.92%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-169,500	–	-4.76%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS INC	$0	–	-481,100	–	-5.21%	–
KO	Exit	COCA COLA CO	$0	–	-1,014,500	–	-6.41%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-2,124,000	–	-16.31%	–
BRKA	Exit	CARDINAL HEALTH	$0	–	-6,191	–	-18.16%	–

Q3 2014

			Value		Shares		↓ Weighting
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$32,176,000	-4.2%	169,500	-8.5%	4.76%	-1.9%
NOV	Buy	NATIONAL OILWELL VARCO INC	$24,474,000	-4.1%	321,600	+3.7%	3.62%	-1.9%
JNJ	Sell	JOHNSON & JOHNSON	$21,371,000	+0.5%	200,500	-1.3%	3.16%	+2.9%
XOM	Sell	EXXON MOBIL CORPORATION	$19,628,000	-23.6%	208,700	-18.3%	2.90%	-21.8%
DE	Buy	DEERE & COMPANY	$18,628,000	-2.3%	227,200	+7.9%	2.76%	-0.0%
SNY	Sell	SANOFIsponsored adr	$17,838,000	+4.5%	316,100	-1.6%	2.64%	+6.9%
MON	Buy	MONSANTO CO	$15,459,000	+143.9%	137,400	+170.5%	2.29%	+149.8%
ISRG	Buy	INTUITIVE SURGICAL INC	$13,735,000	+22.0%	29,740	+8.8%	2.03%	+24.9%
V	Buy	VISA INCcl a	$11,138,000	+29.6%	52,200	+27.9%	1.65%	+32.7%
QCOM	Sell	QUALCOMM INC	$8,053,000	-45.1%	107,700	-41.9%	1.19%	-43.8%
CSCO	Sell	CISCO SYSTEMS INC	$7,546,000	-4.7%	299,800	-5.9%	1.12%	-2.4%
CBI	New	CHICAGO BRIDGE & IRON CO N Vn y registry sh	$6,294,000	–	108,800	–	0.93%	–
GOOGL	Sell	GOOGLE INCcl a	$4,237,000	-84.0%	7,200	-84.1%	0.63%	-83.6%
UTX	Sell	UNITED TECHNOLOGIES CORP	$3,485,000	-53.5%	33,000	-49.2%	0.52%	-52.4%
A309PS	Sell	DIRECTV	$1,903,000	-50.2%	22,000	-51.1%	0.28%	-49.0%
AAPL	Sell	APPLE INC	$1,511,000	-33.6%	15,000	-38.8%	0.22%	-31.9%
PG	Sell	PROCTER & GAMBLE CO	$1,482,000	-10.6%	17,700	-16.1%	0.22%	-8.8%
NADL	New	NORTH ATLANTIC DRILLING LTD	$898,000	–	134,800	–	0.13%	–
FB	Sell	FACEBOOK INCcl a	$553,000	-52.2%	7,000	-59.3%	0.08%	-50.9%
GMCR	New	KEURIG GREEN MTN INC	$91,000	–	700	–	0.01%	–
ORCL	Exit	ORACLE CORP	$0	–	-36,000	–	-0.21%	–

Q2 2014

			Value		Shares		↓ Weighting
BRKA	New	CARDINAL HEALTH	$112,615,000	–	6,191	–	16.29%	–
WFC	New	WELLS FARGO & CO NEW	$111,637,000	–	2,124,000	–	16.14%	–
KO	New	COCA COLA CO	$42,974,000	–	1,014,500	–	6.22%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$34,793,000	–	481,100	–	5.03%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$33,589,000	–	185,300	–	4.86%	–
GOOGL	New	GOOGLE INCcl a	$26,497,000	–	45,320	–	3.83%	–
GOOG	New	GOOGLE INCcl c	$26,072,000	–	45,320	–	3.77%	–
XOM	New	EXXON MOBIL CORP	$25,704,000	–	255,300	–	3.72%	–
NVO	New	NOVO-NORDISK A Ssponsored adr	$25,682,000	–	556,000	–	3.71%	–
NOV	New	NATIONAL OILWELL VARCO INC	$25,529,000	–	310,000	–	3.69%	–
JNJ	New	JOHNSON & JOHNSON	$21,259,000	–	203,200	–	3.07%	–
DE	New	DEERE & CO	$19,070,000	–	210,600	–	2.76%	–
BDX	New	BECTON DICKINSON & CO	$17,260,000	–	145,900	–	2.50%	–
SNY	New	SANOFIsponsored adr	$17,073,000	–	321,100	–	2.47%	–
MDT	New	MEDTRONIC INC	$16,488,000	–	258,600	–	2.38%	–
QCOM	New	QUALCOMM INC	$14,676,000	–	185,300	–	2.12%	–
VAR	New	VARIAN MED SYS INC.	$11,814,000	–	142,100	–	1.71%	–
ISRG	New	INTUITIVE SURGICAL INC	$11,259,000	–	27,340	–	1.63%	–
GE	New	GENERAL ELECTRIC CO	$10,567,000	–	402,100	–	1.53%	–
MSFT	New	MICROSOFT CORP	$8,836,000	–	211,900	–	1.28%	–
V	New	VISA INC	$8,597,000	–	40,800	–	1.24%	–
CSCO	New	CISCO SYSTEMS INC	$7,917,000	–	318,600	–	1.14%	–
UTX	New	UNITED TECHNOLOGIES CORP	$7,493,000	–	64,900	–	1.08%	–
WMT	New	WAL-MART STORES INC	$6,509,000	–	86,700	–	0.94%	–
MON	New	MONSANTO CO NEW	$6,337,000	–	50,800	–	0.92%	–
ABBV	New	ABBVIE INC	$5,661,000	–	100,300	–	0.82%	–
JPM	New	JPMORGAN CHASE & CO	$5,013,000	–	87,000	–	0.72%	–
ABT	New	ABBOTT LABORATORIES	$4,102,000	–	100,300	–	0.59%	–
A309PS	New	DIRECTV	$3,825,000	–	45,000	–	0.55%	–
KRFT	New	KRAFT FOODS GROUP INC	$2,932,000	–	48,900	–	0.42%	–
AAPL	New	APPLE INC	$2,277,000	–	24,500	–	0.33%	–
DNOW	New	NOW INC	$2,240,000	–	61,875	–	0.32%	–
COP	New	CONOCO PHILLIPS	$2,058,000	–	24,000	–	0.30%	–
ECL	New	ECOLAB INC	$1,737,000	–	15,600	–	0.25%	–
PG	New	PROCTER & GAMBLE CO	$1,658,000	–	21,100	–	0.24%	–
ORCL	New	ORACLE CORP	$1,459,000	–	36,000	–	0.21%	–
FB	New	FACEBOOK INCcl a	$1,157,000	–	17,200	–	0.17%	–
MDLZ	New	MONDELEZ INTL INCcl a	$1,098,000	–	29,200	–	0.16%	–
NSRGY	New	NESTLEsponsored adr	$932,000	–	12,000	–	0.14%	–
MA	New	MASTERCARD INCcl a	$735,000	–	10,000	–	0.11%	–
MR	New	MINDRAY MEDICAL INTL LTDspon adr	$649,000	–	20,600	–	0.09%	–
VRX	New	VALEANT PHAMACEUTICALS INTL	$593,000	–	4,700	–	0.09%	–
COST	New	COSTCO WHSL CORP NEW	$553,000	–	4,800	–	0.08%	–
MKC	New	McCORMICK & CO INC	$515,000	–	7,200	–	0.07%	–
BCR	New	BARD C R INC	$515,000	–	3,600	–	0.07%	–
IDXX	New	IDEXX LAB INC	$467,000	–	3,500	–	0.07%	–
NVS	New	NOVARTIS A Gsonsored adr	$453,000	–	5,000	–	0.07%	–
ESRX	New	EXPRESS SCRIPTS HLDG INC	$437,000	–	6,300	–	0.06%	–
AXP	New	AMERICAN EXPRESS CO	$190,000	–	2,000	–	0.03%	–

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